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Introductory statement to the presidency press conference

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, climate, energy and nature, public finances and debt, growth, investment and productivity

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiIntroductory statement to the presidency press conference

ContextIntroductory statement to the presidency press conference following the meeting of the G7 finance ministers and central bank governors by Joachim Nagel, President of the Deutsche Bundesbank, Königswinter, 20 May 2022.

Why it mattersNagel warns that inflation risks becoming entrenched.

Problems raised
  1. Strong inflationary pressures risk becoming entrenched.
  2. Green and digital transitions need investment.
  3. Public finances must remain sound.
Solutions proposed
  1. Prevent inflation from becoming entrenched.
  2. Set a clear legal framework for transitions.
  3. Ensure sound public finances.
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