EFAMA signals a significant drop of long term savings in Europe (EFAMA looks at why Europeans have stopped savings for the future) and try to identify the cause, a new challenge for the future of growth on the continent still wrangling with the sovereign debt crisis.
So far, the EU parliament as well as the Commissioner have done very little to address the fiscal anarchy and  failed state policies to grow a tax exempt muni bond market for the union and solve the issues the retail investors face to truly enjoy the benefit of the single market. Sadly, we have seen a lot of fighting and various attempts to undermine the City of London for obscure motives but very little to address the competition issues, the retail investors waiting for a push to see the rise of a Brussels consumer orientated administration at last fighting state bureaucracies to see the Single market benefits finally reaching all citizens in the Union.