The European Commission is making a big push to get the proposed EU Savings and Investment Union (SIU) over the line as soon as possible. Moves to make the EU economy more competitive and resilient have taken on a new urgency given the breach in transatlantic relations and US president Donald Trump’s threats of tariffs and sanctions. The objective of the SIU is to channel these savings into the EU economy. Taoiseach Micheál Martin said the Government would support the SIU notwithstanding concerns about its impact on the IFSC. The Government must follow through on its support for an SIU and not cave in, once again, to narrow sectoral interests.

Source: The Irish Times March 08, 2026 20:15 UTC