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Requiring local investing by pension funds would be rather like pushing on a rope. Until more European countries get serious about a growth agenda and reducing government interference in free markets there won't be many good investment opportunities.

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Everyone is serious about it but the problem lies in capital markets and investment funds and the fact that Europe is not a single country (multiple languages, slight difference in some laws). Banks tend to be too conservative and local investment vehicles are much smaller compared to what you can get in US. You are pretty much free to do anything you want otherwise, eg recent defense startups. What is more ageing population does not help and puts “a bit” of strain on the taxation.

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