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Macron says €300B in EU savings sent to the US every year will be invested in EU
- toomuchtodo 9mo agohttps://streamable.com/m4dejv https://streamable.com/m4dejv
- tchalla 9mo agoFoor shure
- Hamuko 9mo agoFor those unaware of the context, there's a banger tweet: https://x.com/neilzegh/status/2013679440362975315 https://x.com/neilzegh/status/2013679440362975315
- throwaway132448 9mo agoHave you tried Reddit?
- consumer451 9mo agoRelated: > Savings and investments union https://finance.ec.europa.eu/regulation-and-supervision/savings-and-investments-union_en https://finance.ec.europa.eu/regulation-and-supervision/savi...
- nradov 9mo agoMacron is making up numbers. Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. Profitable investment opportunities in the EU remain slim and so far they seem uninterested in pursuing a growth policy.
- hnlmorg 9mo agoMaybe, but so does Trump. And that’s who these figures are really meant for. I doubt it will make any difference though, because Trump is about as brain damaged as they come.
- anovikov 9mo agoIndeed it sounds a lot like Trump's bs, so Trump might buy it. It's almost like "those s**hole countries sending is their worst to eat our cats and dogs" or "subsidies we send every year to all over the world".
- neilwilson 9mo agoExcept in a floating exchange rate that isn’t what happens. For somebody to leave the Eurozone for the Dollar zone there has to be somebody coming in the opposite direction to exchange with. Macron is still talking nonsense of course. The Euros never left in the first place.
- michaelt 9mo ago> For somebody to leave the Eurozone for the Dollar zone there has to be somebody coming in the opposite direction to exchange with. Does that mean trade imbalances don’t exist?
- neilwilson 9mo agoCorrect. They don’t. It’s an illusion caused by where the accounting boundary is drawn. That’s why “imbalances” never close. If goods and services were exchanged for little models of the Eiffel Tower nobody would say there was an imbalance. Yet we do when we exchange for Euros.
- the_mitsuhiko 9mo ago> Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. You don't need to introduce capital controls to make it unattractive to invest in the US. There are plenty of options that the EU could pull that would make investments abroad very unpopular quickly.
- abirch 9mo agoWhen will the EU understand that they have the GOAT Paul Graham across the channel in the UK? Open YCombinator Paris or London: Capital would flow to him.
- g-mork 9mo agodrop capital gains tax on EU stonks and watch the flight. there are a million ways they could make this attractive
- unmole 9mo ago> drop capital gains tax on EU stonks Right, because it's not like France already has a large primary deficit or anything.
- withinboredom 9mo agoIf you are rich enough, it isn’t rocket science to avoid capital gains taxes in the EU. And by rich enough, just a few hundred K. (See the related FIRE Reddit boards)
- Muromec 9mo agoconfused sounds in voiced glottal fricative What capital gains tax?
- victorbjorklund 9mo agoIn general those things work pretty bad. Then someone will just make an EU company that owns US shares to do a tax arbitrage.
- throwaway132448 9mo agoPG is obsolete.
- deleted 9mo ago[deleted]
- tchalla 9mo agoThe EU can’t even get a Mercosur deal closed after 30 years. I think this will probably happen in another 60 years.
- f1shy 9mo agoWhat makes it more ridiculous, is that fact that we from the EU are shouting US is getting isolated, but some of the biggest economies in the world do not want to trade with 4 countries from the 3rd world, because we think will get bankrupt because of that.
- paganel 9mo agoIt's because of agriculture and us here in Europe losing our food-related resilience because of that. The tertiary sector won't save you in case of a continental blockade and the Argentinian/Brazilian grain suddenly becoming unavailable. "We'll go back to our farmers here in Europe!" Oops, you've just pushed them into bankruptcy a few years ago as a result of Mercosur, so good luck with that.
- direwolf20 9mo agoWhat happens to bankrupt farms? Are they converted into national forests?
- charles_f 9mo agoIf like me you are wondering why the sunglasses, it looks like he is using that to mask an eye infection. https://www.independent.co.uk/news/world/europe/france-emmanuel-macron-eye-red-sore-b2901251.html https://www.independent.co.uk/news/world/europe/france-emman...
- pupppet 9mo agoProbably just a broken blood vessel in the eye.
- jll29 9mo agoThere once was a lady in France, Whose right fist struck as if by chance; Her husband, called M...on, Said his eyesight was gone, “Just an eye infection, come on!”
- onraglanroad 9mo agoIs this a really bad attempt at a Limerick or some other form I'm not familiar with?
- pupppet 9mo agoNot sure why this was downvoted, his people literally just confirmed this.
- Havoc 9mo agoTIL EU savings rate is far more than US. 18.79% vs 3.50% Guessing that's somehow counting enforced deductions off paycheques. Would be a wild difference if not. https://tradingeconomics.com/european-union/personal-savings https://tradingeconomics.com/european-union/personal-savings https://tradingeconomics.com/united-states/personal-savings https://tradingeconomics.com/united-states/personal-savings
- coffeebeqn 9mo agoRetirement accounts are more like social security than 401k. There’s no set amount of euros set aside for me it’s all in the pool paying for older peoples retirement
- Hamuko 9mo agoThis doesn't surprise me at all as an European. My mind struggles to understand how so many Americans live paycheck to paycheck.
- pas 9mo agothat's true to some extent, but at this point it's mostly a meme (at least the 60% number was) > In 2023, 54 percent of adults said they had set aside money for three months of expenses in an emergency savings or “rainy day” fund—unchanged from 2022 but down from a high of 59 percent of adults in 2021. https://www.federalreserve.gov/publications/files/2023-report-economic-well-being-us-households-202405.pdf https://www.federalreserve.gov/publications/files/2023-repor... via https://www.noahpinion.blog/p/paycheck-to-paycheck-and-five-other https://www.noahpinion.blog/p/paycheck-to-paycheck-and-five-...
- Havoc 9mo agoThat’s way higher than I’d have guessed. Maybe there is some sort of bimodal distribution happening there. Half the pop is flat broke the other has multiple months of buffer
- seszett 9mo agoThere's no "enforced savings" that I know of in Europe. 3.50% in the US sounds extremely low to me. It has fallen a bit recently but the savings rate was about 25% in France in 2020. Common knowledge says to strive to save at the very least 10% of one's revenue around here.
- pantalaimon 9mo agoSo no more MSCI World in Europe?
- torlok 9mo agoIndividual investors can buy whatever they want. The idea is to be competitive with the US, so that indices like MSCI World are more than just thinly-veiled S&P500 indices.
- ChrisArchitect 9mo agoPlease update the link to https://streamable.com/m4dejv https://streamable.com/m4dejv or the transcript of the entire speech https://www.weforum.org/stories/2026/01/davos-2026-special-address-by-emmanuel-macron-president-of-france/ https://www.weforum.org/stories/2026/01/davos-2026-special-a...
- lysace 9mo agoLove that MEGA acronym someone dropped in the comments. I need a blue hat with a golden MEGA lettering embroided.
- paganel 9mo agoSo, how is this going to work? Is he talking about the French Ministry of Economics and Finance? About the Banque de France? About the the ECB? Afaik the last two are, nominally at least, independent, while Macron is just a politician representing one of the 27 EU countries, so what authority does he have? What do the political leaders of Latvia think about this? Or of Malta?
- littlecranky67 9mo agoFunny that of all people, Macron says that. Just a few months back, France government bonds lost their AAA rating because Macron refuses to pass legislative reforms. All while the EU biggest powerhouse economy - Germany - has remained stagnant or is even shrinking. Good luck convincing investors to not buy US bonds with that outlook.
- wtcactus 9mo agoSo, the president of a socialist country (a country where the government spenditure is 57% of the total GDP is a socialist country [1]) is now saying their citizens that they will be stopped from investing the little money the state allows them to keep wherever they want, and be forced to invest in their faulty economy. That’s it, right? There’s a reason Europeans mostly invest in US stocks: they are much more profitable because the US doesn’t tax to death and regulates to death their own companies. Maybe France and the rest of the EU should try the same. [1] https://www.insee.fr/fr/statistiques/2381414 https://www.insee.fr/fr/statistiques/2381414
- pipes 9mo agoCan someone explain what he is actually suggesting? What $300B he is talking about, and on what it will be invested in instead. Also why is he wearing sunglasses?
- darkhorn 9mo agoI think $300B is about everything. Pension funds, investment, military spending etc. The glasses are due to eye redness.
- _zagj 9mo agoWhy link to some reddit thread? I watched the video, and he described divestment from US bonds and equities. Those are easily some of the most desired, and consequently overvalued, securities on the planet. If European divestment actually exerts downward price pressure, that would mean ordinary Americans investing for retirement would be able to buy them up cheaper. Is that a bad thing? Also, it would mean Europeans would be less able to reap the benefit these corporations' profits and growth.