These are not figures that we have dreamt up at Euroclear but the verdict of PwC analysts who conducted an in-depth study of what Euroclearability has done for other countries.
It confirms what we have always maintained – that optimising access to international capital through making a market Euroclearable has potentially far-reaching effects. It is not just about market impacts but macro-economic ones too.
In short, it provides a platform for large-scale social and welfare improvements. It can enhance a country’s scope for tackling deprivation and boosting growth.
As an example, that increase in healthcare spending PwC alludes to would translate into funding for an extra 1,500 hospitals over ten years. That is quite a prize.