European governments propose tax breaks and a pan-European savings product to mobilize citizens' savings and tackle the growth gap with the US and China.
European governments aim to mobilize citizens' savings to tackle the growth and productivity gap with the US and China, proposing measures like tax breaks for local investments and a pan-European savings product. Critics argue that these schemes may disappoint savers and fail to address deeper issues in the European economic model, as low investment in Europe reflects meager growth prospects compared to the US.
March 26, 2024
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