Do you understand financial speak?

In the years that I have been writing this blog, I haven't bothered to focus on the financial industry but today something happened and the financial industry collided with my world. Motley fool wrote an article about EU law, technology and buying shares online.

Reading the article, I thought about a few things:

1. The man writing the article doesn't know how mainland Europeans think because:
1. Most of the Germans I know want to own a house but can't because it is too expensive and they don't want to get into debt just to own a piece of property.  They would rather have as much cash as possible to put down on the property so that they don't have a mortgage for more than a few years or rent and take lots of vacations when they are old.
2. Retirement accounts.  Germans must contribute to their government pension and after you have paid a huge amount for taxes, health care, public pension account, rainy day fund and vacation fund, there isn't that much money left for living let alone another pension account.
3. Europeans like to keep things safe and the stock market isn't a safe place to invest money. 

I liked the author's description of  EU directives and how the UK handles directives at the national level.    For those of you who don't know about EU law, I would suggest you read it to get an understanding from a British perspective.  For those of you who don't care, maybe you would be interested in reading the article to get an idea of how the British think..