Europe’s paradox: rich in savings, short on investment Europe’s economic debate has entered a decisive phase. Almost ten years after the launch of the Capital Markets Union (CMU) and a year after Mario Draghi’s competitiveness report, the same structural paradox remains: Europe is a high-saving continent that invests too little in itself. Households across the EU hold more financial wealth than those in any other advanced economy, yet a disproportionate share remains in cash