A stable euro in a strong Europe

30 October 2024 · Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt

30 Oct 2024 · Joachim Nagel Wiki · Deutsche Bundesbank WikiA stable euro in a strong Europe

ContextText of the Karl Otto Pöhl Lecture by Joachim Nagel, President of the Deutsche Bundesbank, to the Frankfurt Society for Trade, Industry and Science, Frankfurt am Main, 30 October 2024.

Why it mattersThe Bundesbank president links a stable euro to lower deficits and better financial literacy.

Problems raised

Deficits and debt remain high.
Inflation widens inequalities.
Only half of EU citizens have basic financial knowledge.

Solutions proposed

Bring deficits and debt down reliably.
Stabilise inflation at 2%.
Adopt a national financial literacy strategy.

Read full speech on bis.org ↗

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Stable banks, strong capital markets - Europe’s financial system for the future · Joachim Nagel (Bundesbank), 21 Oct 2026
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Shifting ground – how geopolitics is reshaping growth, monetary policy and the role of gold as a reserve asset · Joachim Nagel (Bundesbank), 5 Oct 2026
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