Rome, 30 Oct. (LaPresse) – “New financial instruments have emerged and, nevertheless, their operation must adhere to the same principles, to protect households by making the most of the earnings from work that they manage to set aside, channelling savings towards safe and productive investments – which are all the more important at a time when geo-economic and geo-political conflicts are eroding citizens’ standard of living, through inflation and stagnant wage growth. Full European integration stands out, in this area too, as the best defence against purely speculative finance. Obstacles to the single market, on the one hand, and the relative weakness of long-term savings, on the other, divert vast resources elsewhere and hold back investments that could, instead, strengthen our societies. These are the challenges facing the peoples of the European continent as they seek to safeguard and promote the values of their civilisation.” So said the President of the Republic, Sergio Mattarella, in a message sent to mark the 102nd World Savings Day.
Savings, Mattarella: ‘EU integration is the best defence against speculative finance’
Rome, 30 Oct. (LaPresse) – “New financial instruments have emerged and, nevertheless, their operation must adhere to the same principles, to protect households by making the most of the earnings from work that they manage to set aside, channelling savings towards safe and productive investments – which are all the more important at a time when geo-economic and geo-political conflicts are eroding citizens’ standard of living, through inflation and stagnant wage growth. Full European integration stands out, in this area too, as the best defence against purely speculative finance. Obstacles to the single market, on the one hand, and the relative weakness of long-term savings, on the other, divert vast resources elsewhere and hold back investments that could, instead, strengthen our societies. These are the challenges facing the peoples of the European continent as they seek to safeguard and promote the values of their civilisation.” So said the President of the Republic, Sergio Mattarella, in a message sent to mark the 102nd World Savings Day.