Regarding the strategy proposed by the European Commission for the Economic and Investment Union, MEP Gheorghe Piperea (ECR/AUR) told us: ‘The thing about ‘investment’ in venture capital, that is, financial poker, is of a ‘rare beauty’ as a public policy. Bonus: banks will run out of deposits and will compete with funds (shadow banking) to convince people to keep their money in banks. Plus, they will also enter the ‘investment’ arena: they will be able to place money in the capital market, so they will enter competition with… pension funds. Plus, the state, in the market for government securities and bonds.’
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