Good morning, ladies and gentlemen.

Thank you to our hosts for organizing this event and for inviting me to share the European Commissions perspective.

Europe stands at a crossroads. Geopolitical developments underscore the need for change, especially in our economy. The Savings and Investments Union, which I will present tomorrow, offers a path for financial change in Europe.

With this diverse group of speakers, its clear that discussions on how our capital markets can finance the economy are more important than ever. I am pleased to contribute and share my insights on European capital markets and the Savings and Investments Union.

This strategy is a major pillar in strengthening the EUs competitiveness. We must integrate our financial markets for greater efficiency. This brings benefits to everyone, from retail investors to companies needing significant investments.

President von der Leyen has also highlighted the Savings and Investments Union as a means to mobilize private capital for defense within the REARM-EU plan. The decisions we make now can profoundly alter the EUs course.

Through collective ambition, we can improve our capital markets and economic security and strengthen the euros role. As we develop the strategy, we will ensure sound policy, technical analysis, and stakeholder engagement.

Its time to be ambitious to reach Europes potential.