Good afternoon.

Thank you to DWS and the Frankfurt School of Finance and Management for inviting me to speak today.

Although I cannot be there in person, I would like to share our perspective on the necessary transformations in the current geopolitical context.

Our efforts focus on boosting economic growth and prosperity in Europe, impacting both now and in the long term on the EUs global competitiveness.

Europe must stand on its own in a complex world. We have the resources, and its up to us to use them.

In Brussels and the Member States, we need to find ways to channel private savings into investments, from energy to innovation.

Europe wants a greener, more digital, and fairer future. Openness and fair trade are crucial.

Without economic growth, we will not achieve our goals. Therefore, we must harness Europes potential and remove barriers to investment.

In a few weeks, I will present a strategy for a European Savings and Investments Union, aimed at supporting household wealth growth and broadening financing opportunities for businesses.

The goal is to turn savings into productive investments, benefiting both savers and businesses.

Its time to act. The wealth is there, the political will is there, and our citizens demand it.

Thank you and I wish you a productive afternoon.