As someone who has worked for a Finnish start-up financed by a pension fund, you are mistaken on this one.
Europe has more than a few multi-national, global banks.
Also, my own pension is invested in the stock market. That's the norm for employer-provided pensions.
“Banks cannot use deposits in one country to lend in another, because national regulators do not want to be on the hook for loans to improvident foreigners. An eu-wide deposit-guarantee scheme would allay that fear, but has yet to be agreed.”
https://www.economist.com/briefing/2019/01/05/the-euro-enter...
You mean like Deutsche Bank? BNP Paribas? Santander?
I think Deutsche used to be pretty big, but it's been going downhill for a couple of years now.
This is more up to date but it seems you're right about Deutsche Bank https://www.forbes.com/sites/antoinegara/2018/06/06/forbes-g...
Could you provide more info? All my Swedish pensions savings, both private and goverment, are basically stocks-only funds.
Do you have a source for that? I've not heard that before.
There's also the small detail of pension funds generally being forbidden from investing in stocks. That's the money that's fuelling SV, if my impression is correct. This policy comes from a general risk-aversion that's also evident in all other areas.