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Building blocks for a strong and sovereign Europe

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

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, growth, investment and productivity

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiBuilding blocks for a strong and sovereign Europe

ContextSpeech in Frankfurt to the RhineMain group of the Friedrich-Ebert-Stiftung; the Bundesbank is Germany's central bank within the euro system and faces pressure on Europe's sovereignty and defence.

Why it mattersThe Bundesbank president ties Europe's sovereignty, including defence, to deeper financial integration through the Savings and Investments Union.

Problems raised
  1. Europe's sovereignty is challenged, including in defence.
  2. Europe is not economically independent enough.
  3. Geopolitical tensions are rising.
Solutions proposed
  1. Work more closely among EU members and with willing partners.
  2. Advance the Savings and Investments Union.
  3. Share risks better across borders.
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