First step in raiding Europe’s private savings

From today’s Open Europe news summary:

According to a leaked document, seen by Reuters, the European Commission is probing ways to unlock the investment potential of EU citizens’ savings to boost the economy. The Commission will also ask the European Insurance and Occupational Pensions Authority (EIOPA) later this year for advice on a possible draft legislation “to mobilise more personal pension savings for long-term financing”.

Don’t you just love the way these statists talk? They want to “mobilise” personal savings. Hum, I wonder what that means? It means that the government will confiscate, in some way, the private savings of European citizens to fund politically inspired so-called “investing”. And just look at all the wonderful “investing” the EU politicians and bureaucrats have accomplished in the past! Patrick Barron

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