The annual capital outflow of the European Union (EU) amounts to €300 billion, most of it is exported to the United States. This statement was made on April 18 by the head of the European Commission (EC) Ursula von der Leyen in her opening remarks at a conference in Brussels following the EU summit on the issue of the union's economy. The text of her speech was published on the official website of the European Commission.
Von der Leyen referred to data from former Italian Prime Minister Enrico Letta, who, at the request of Brussels, prepared a report analyzing the current economic situation in the EU.
“Letta notes that every year €300 billion of European savings are diverted abroad, mainly to the United States. This is money that is not enough for the development of our companies in the European Union. And this is due to the fragmentation of our capital markets and financial system,” von der Leyen said.
The European politician did not disclose the reasons for such a large-scale capital outflow. She noted the importance of relaunching the work to create the EU Capital Markets Union. The project began to be developed back in 2012 after the serious euro crisis in 2010.
Von der Leyen indicated that the project will make it possible to unify the rules for lending and bankruptcy of enterprises throughout Europe, which could subsequently significantly improve the economic situation in the union.
In his report, Letta also advocated the creation of a single EU defense market under the supervision of the European Commission. Von der Leyen herself made such a proposal on April 17 at the summit on the European military industry.
Earlier, on April 15, political scientist and specialist in interethnic conflicts Evgeny Mikhailov told Izvestia that talk in the EU about a possible distance from the United States will increase. He noted that a number of European countries no longer want to be under the influence of the United States.
In February, Associate Professor of the Department of Political Science at the Financial University under the Government of the Russian Federation, Alexander Konkov, suggested in a conversation with Izvestia that the United States, using the Ukrainian conflict, is leading the European economy to irreversible, destructive consequences.
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