27
Apr
2026
Watch
Financial literacy and the rise of finfluencers in the context of the savings and investments union (debate)
Madam President, Commissioner! Europe is a continent of savers, but unfortunately not a continent for investors at the moment. Many people consciously rely on security, and that gives an enormous potential. Around 10 trillion euros are currently in bank deposits, which would do us very good to finance growth. Financing is not a secondary issue, but could also be a lever in economic policy times – but especially for young people. Young people learn differently: They go online, they look for hidden advertising, they look at disinformation, and that's why financial education is the most important protection. Anyone who understands how markets work, who can assess risk, makes better decisions and is not so easily victimized. The so-called finfluencers must also abide by the rules. It cannot be that everything is strictly controlled by banks and that nothing is actually controlled by finfluencers when it comes to investment recommendations. It is important that we have less bureaucracy in the future, responsibility in the digital space. I believe that this is the right way forward for a strong European Union competitiveness.