Dan O'Brien

It's been a huge success in Sweden.

It's given people, no matter how much they're saving, better returns on their savings.

And at the same time, more money has gone into

the Swedish economy in terms of money flowing into productive investment within the Swedish economy.

Well, this is just to put it in context here.

This is very much the context of the EU trying to get more money staying in Europe, because in recent years, Europeans have been exporting their money to the United States to get in on the US stock market.

And it would be better for all of us in Europe if the money stayed and was invested in companies and startups in Europe.

So I think part of the design of this product for the government will be, you know,

investing in small startups is a very risky one.

So you want to let people know that if you want your money to be invested in Irish startups, that is risky because most startups don't succeed, but the ones that do can often be spectacular.

So you want to make it very clear to people if people feel they have €5,000 and they wanted to invest it in Irish startups, that they could do that, but that would sort of have a 9 or a 10 rating in terms of risk.

You could lose it all.

investment or you could lose a good chunk of it because you're not going to invest it these products wouldn't invest in single companies they'd invest in a portfolio of companies and some of those companies would fail some would succeed it will be unclear how well you do you could do spectacularly well or you could do not so well so that would be a riskier investment so why are you saying then that um young adults that younger people should have tax-free products what's the the win there

The win is to allow people to use the money that they've saved that might be sitting in a bank deposit, that they could use it in a way that they earn more from it over the longer term and they can build up their wealth.

That allows people to be.

more secure.

It allows people to buy homes.

There are so many advantages to allowing people to build up the wealth that they have, no matter how much it is, whether it's a small sum or a bigger sum.

Well, look, it all goes, you know, that's all to be decided and debated over time.

You know, we're not, in this report, we haven't been