This creates a fundamental policy trilemma: the EU cannot simultaneously maintain large current account surpluses, run public deficits, and expect to retain savings domestically (Photo: Author)

Column

Why do €300bn of European families’ savings leave the EU every year?

EU Political

Green Economy

Opinion

by Judith Arnal, Madrid,

In April 2024, Enrico Letta presented his report Much More than a Market to the European Council, aimed at strengthening the European internal market in the n...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login

EU Political Green Economy Opinion Column

Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Judith Arnal is a Spanish economist with the Real Instituto Elcano think-tank and the Centre for European Policy Studies.

The 'perfect storm' for EU to attract foreign direct investment

Beyond the numbers: rethinking the EU–US trade narrative

EU arms firms' shares skyrocket, sovereign bonds rise — here's why

From tariffs to turmoil? Trump's self-sabotage if EU stays united

This creates a fundamental policy trilemma: the EU cannot simultaneously maintain large current account surpluses, run public deficits, and expect to retain savings domestically (Photo: Author)