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Europe’s Cash Stuck, Growth Stalled | Business and Finance News
Description
Europe’s got €37 trillion in idle savings but can’t get it flowing into growing businesses—forcing firms like Klarna to seek cash in New York. The EU is pushing reforms to boost capital markets and compete with the U.S. and China in AI and defense, but progress is painfully slow as member states clash over details. Top leaders warn that without fixing its financial system, Europe risks losing economic and geopolitical edge. The push now is to mobilize household savings and link national markets into a unified, U.S.-style system—but national interests and regulatory disagreements are blocking the path.
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