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Making the most of Europe's opportunities - reforms for greater prosperity and stability

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

Summary written by Dark Majestic in its own words · topics: financial stability, public finances and debt, trade, fragmentation and geopolitics

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiMaking the most of Europe's opportunities - reforms for greater prosperity and stability

ContextText of the DIW Europe Lecture by Joachim Nagel, President of the Deutsche Bundesbank, at the German Institute for Economic Research (DIW), Berlin, 16 February 2023.

Why it mattersNagel opposes new common EU debt for industrial plans.

Problems raised
  1. The war in Ukraine devastates Europe.
  2. EU fiscal framework needs reform.
  3. Responsibility and liability must align.
Solutions proposed
  1. Reform EU rules to improve resilience.
  2. Avoid new EU debt for industrial plans.
  3. Pursue reforms for prosperity and stability.
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