Spain Begins Legislative Process for European Savings and Investment Account
With the aim of mobilizing the one trillion euros that Spaniards hold in deposits and savings accounts, the Government has opened a public consultation on the conditions for the European Savings and Investment Account in Spain and the “Finance Europe” label. The European Savings and Investment Account—SIA (Savings and Investment Account)—aims to channel “idle” European savings, roughly 13 trillion euros held by savers in their accounts, toward stock and bond…









