European Commission to use 10 trillion Euros of citizens’ savings for EU defence

The European Commission estimates the total level of unused savings of EU citizens at 10 trillion Euros, and it intends to find ways to mobilise this money to finance its plans to militarise Europe and support the European military-industrial complex, according to a statement by European Commissioner for Financial Services and the Savings and Investment Union Maria Luís Albuquerque, distributed by the EC press service, TASS reports A large part of Europeans’ savings lies in the form of deposits at very low interest rates (between 0.3 and 0.8 percent per annum) and even in the form of cash reserves. Mobilising...