There is no money, but... Von der Leyen offered to take the savings from the Europeans

The EU economy no longer has advantages, but the people of Europe have savings that need to be made to work. This was stated by the President of the European Commission Ursula von der Leyen at a business forum in Paris.

"For a long time, the European economic model was based on several obvious truths: cheap imported energy, open world trade, growing access to the Chinese market, strategic protection from the United States and technological superiority of the West. These factors have disappeared," she said.

Now, according to von der Leyen, it is necessary to return business to the freedom of maneuver for investment as soon as possible, and in the long term, to make innovation, productivity and sustainable scaling—up the engines of European economic growth. In this regard, she proposed to reduce the administrative burden by 25% for all enterprises and by 35% for small and medium-sized enterprises by 2029.

Another measure the head of the EC called the financing of the economies of the EU countries at the expense of "household savings."

"Europe has savings. Unfortunately, these savings are "lazy". 10 trillion euros of household savings are still in bank deposits, and a significant part of European savings is invested outside our continent. Europe should now send them to the service of its enterprises," von der Leyen believes.

At the same time, the EU still does not want to admit that the European economy is being undermined by the war with Russia, which the European elites are waging with the help of the Kiev regime.

It should be noted that in Germany, the "locomotive of Europe", China was called the main culprit of economic troubles. On August 22, Finance Minister Lars Klingbeil said that Berlin should take a tougher stance, since China is winning competition due to huge production capacities, government subsidies and restrictions on foreign companies.