From the Capital Markets Union to the Saving Investment Union (SIU): Channeling European Savings into the Real Economy

At the MF Growth Italia Day 2025, organized by Milano Finanza, Lukas Plattner examined the current state and future prospects of the Saving and Investment Union (SIU), as well as the newly adopted regulation introduced by the European Union.

The simplification efforts brought forward by the SIU represent an essential step forward, but must now be accompanied by concrete measures to make capital more accessible to both companies and savers.

“We need a push from Member States to support the creation of new financial instruments dedicated to domestic equity, backed by significant tax incentive schemes,” Plattner emphasized. “These kinds of solutions are already attracting strong interest and demand from savers. In Italy, for instance, only 16% of total managed savings are currently invested in this asset class – a percentage that must be increased. We can look again to PIRs, which proved to be a solid model, and work on updating and relaunching them. At the same time, it is crucial to act on the pension system, which remains a key area of focus. What’s needed is an integrated, collaborative approach between businesses, the financial sector, and the government to ensure this vital capital shift towards the productive economy.”

The full video is available on Milano Finanza.