MNI BRIEF: EC Sees EUR1.2T Boost From Savings, Investment Plan

Investment in European industry could be boosted by over EUR1.2 trillion over the next ten years if the European Commission's proposal for savings and investment accounts is taken up by EU member states, an official said on Tuesday.

"Our simulations have shown that under an optimistic scenario, by moving some of their savings into productive investments, citizens could increase their investments in EU assets by more than EUR1.2 trillion over the next ten years," said EU Financial Services Commissioner and Savings and Investment Union Maria Luis Albuquerque.