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Macron says €300B in EU savings sent to the US every year will be invested in EU

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Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#141

Post by dogma1138 »

jacquesm wrote: post #65
dmix wrote: post #53

Earlier quoted context omitted.

The EU has $8T invested in US assets. That's not an easy choice like a soccer mom choosing to go to the Caribbean instead of Florida for a weekend. It's very serious business that needs real alternatives.

As long as they lose less than they lose by keeping it in $ they're coming out ahead.

They don’t have a choice, they sell they get back dollars. What are they going to swap 8 trillion dollars into? And an even better question how?

$8 trillion is about half the M3 of the Euro.

In fact there are only about 20 trillion dollars right now, there isn’t even enough liquidity to cash out.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#142

Post by forty »

f1shy wrote: post #97
forty wrote: post #79

Earlier quoted context omitted.

I'm sure everyone would be happy to purchase stuff that respect our own standards. We forbid our farmers to use some chemicals because they are bad for health and nature, it would be completely stupid to start purchasing food abroad that is made using those chemicals, don't you agree?

Sorry, the standards imposed to meat from south america is way higher than the European. Wine is nearly impossible. And spicies like paprika also require higher standards than in Europe. I don’t know what you mean with that. Free trade does not mean there are no standards to met. Same standards will be imposed (as are already imposed) to anything imported in the EU. Also in south America, because of size you don’t ne…

Do you have sources for what you say for meat for example? From what I could read on this topic, they don't have the same traceability constraints, may use growth hormones that are forbidden here, etc.

To add to the absurdity, one of the thing we Europeans will be able to export more to SA is chemicals, including those which we forbid here because they damage health and environment...

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#143

Post by pseudony »

nradov wrote: post #5

Macron 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.

Yes, but also no.

Pension funds around these parts are big, we are often forced to pay into them. Years ago, I noticed they started advertising green funds. Would not be surprised to see options that exclude the US too.

If you look at Trumps polls across EU countries, it is heavily in the negative and a lot of us are wanting to put our money where our mouth is about it.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#144

Post by wtcactus »

So, 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

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#145

Post by wtcactus »

pseudony wrote: post #143
nradov wrote: post #5

Macron 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.

Yes, but also no. Pension funds around these parts are big, we are often forced to pay into them. Years ago, I noticed they started advertising green funds. Would not be surprised to see options that exclude the US too. If you look at Trumps polls across EU countries, it is heavily in the negative and a lot of us are wanting to put our money where our mouth is about it.

> Pension funds around these parts are big

Not really. Most EU countries don’t even have noticeable state pension funds (and one of the biggest culprits is actually France). They just rely on younger people to support the pensions of the retired ones.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#147

Post by alephnerd »

f1shy wrote: post #36
tchalla wrote: post #13

The EU can’t even get a Mercosur deal closed after 30 years. I think this will probably happen in another 60 years.

What 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.

> but some of the biggest economies in the world do not want to trade with 4 countries from the 3rd world,

It's this attitude that makes non-Europeans (especially those of us without European heritage) less sympathetic to European pleas of support, yet it's your politicians that try to sign a defense pacts with "third world countries" like India [0]

[0] - https://www.reuters.com/world/india/eu-proceed-security-defe...

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#148

Post by frameset »

swarnie wrote: post #86
mkjs wrote: post #80

Earlier quoted context omitted.

The UK has "enforced savings" in the form of auto-enrollment pensions for over 10 years. Looks like Ireland is just starting to do it too.

That's mostly to prepare teenagers at the time for having no state pension in 50 years. I have about seven of the buggers and I'm only in my mid 30s.....

Pensions or teenagers?

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#149

Post by [deleted] »

jacquesm wrote: post #65
dmix wrote: post #53

Earlier quoted context omitted.

The EU has $8T invested in US assets. That's not an easy choice like a soccer mom choosing to go to the Caribbean instead of Florida for a weekend. It's very serious business that needs real alternatives.

As long as they lose less than they lose by keeping it in $ they're coming out ahead.

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