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EU plan for capital markets citizen engagement relies on member states’ support

By Fanny Roux ( October 2, 2025, 13:25 GMT | Comment) -- New EU plans to encourage the creation of national savings accounts and to develop consumers' financial literacy are designed as non-legislative initiatives because this is the "faster road" and "more flexible," EU finance chief Maria Luís Albuquerque has said. They're described as major initiatives, but what's proposed is more modest: best-practice recommendations and promises of support, with a stress on EU countries themselves doing the work.Plans to encourage the creation of savings accounts in EU countries and to develop consumers' financial literacy were presented this week as "major initiatives" to benefit the bloc's citizens. But with the European Commission only putting forward non-legislative proposals, does that claim stack up?...

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