European Union bureaucrats are setting their sights on seizing control of a staggering $10 trillion in private household savings as Brussels scrambles to finance its sprawling climate, defense, and globalist agenda.

The unelected European Commission is pushing ahead with its so-called “Savings and Investments Union,” a scheme designed to redirect vast sums currently sitting in Europeans’ bank accounts toward investments favored by the bloc.

EU officials openly acknowledge that approximately “€10 trillion in household savings” is currently held in bank deposits rather than European capital markets.

European Commission President Ursula von der Leyen has now declared that Brussels wants to take control of these funds to “put these savings to work.”