· Joachim Nagel Wiki · Deutsche Bundesbank WikiRemarks on the panel topic “Paths to prosperity - forging growth, trade and investment between Europe and Asia”
Read full speech on bis.org ↗ContextPanel remarks by Bundesbank President Joachim Nagel at a Europe–Asia economic forum; the German central bank works for price stability while Europe rethinks its trade dependencies.
Why it mattersThe Bundesbank head calls for broader trade links with Asia beyond China, framed around European competitiveness and sovereignty.
Problems raised
- Trade gains depend on shared rules that are eroding.
- China is both a key partner and a source of dependencies.
- Europe's competitiveness is lagging.
Solutions proposed
- Diversify ties with a broader group of Asian partners.
- Build cheap, reliable renewable energy and complete the savings union.
- Stay indispensable in critical value chains.