The report by Nicolas Marques, Director General of IEM, highlights a deep-seated retirement savings crisis in Europe, particularly in France, where the deficit in retirement savings reached 32% of annual GDP in 2021, amounting to a loss of €80 billion. The report suggests implementing collective capitalisation for all private sector employees, similar to the model followed by some public sector employees like pharmacists, as a solution to enhance retirement savings and address the systemic issue.