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Resilience and renewal - ways out of the weak growth

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

Summary written by Dark Majestic in its own words · topics: financial stability, public finances and debt, growth, investment and productivity

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiResilience and renewal - ways out of the weak growth

ContextLecture in Dortmund organised by Sparkasse Dortmund and the International School of Management; the Bundesbank is Germany's central bank within the euro system and watches an economy stuck in weak growth.

Why it mattersThe Bundesbank president blames red tape, taxes and weak innovation for Germany's stagnation.

Problems raised
  1. Germany suffers from weak growth.
  2. Regulation, taxes and bureaucracy deter business.
  3. Innovation is lacking.
Solutions proposed
  1. Improve business conditions with structural policies.
  2. Cut red tape and burdens.
  3. Support innovation beyond large firms.
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