Valérie Hayer· Renew

Nuanced

Each year, EUR 300 billion of European savings are invested outside the European Union, particularly in the United States.

Omissions

• The figure originates from the Letta Report (April 2024), but investigative journalism has questioned the transparency of the underlying data source for this estimate.
• The figure refers to 'diversion' of savings rather than direct measurement of outflows, and the exact calculation method is not publicly detailed in the report.
• The Letta Report was published in April 2024, and the MEP spoke in February 2026; more recent data may be available but was not cited.

Sources

• PrimaryEnrico Letta - Much more than a market (Letta Report)Annual diversion of around €300 billion of European families' savings from EU markets abroad, primarily to the American economy
• SecondaryEUobserver - Why do €300bn of European families' savings leave the EU every year?The figure of €300bn has become a political reference point for justifying new initiatives such as the pan-European retail savings label.
• SecondaryFollow the Money - Bureau Brussels: Follow the money? I can't do that without sources!EU leaders keep quoting big investment figures from Enrico Letta's report without any clear source to back them up.