ContextIntroductory statement by Joachim Nagel, President of the Deutsche Bundesbank, at the Annual General Assembly of the Hellenic Federation of Enterprises, Athens, 7 October 2025.
Why it mattersSpeaking in Athens, the Bundesbank President points to Greek reforms as a lesson for Germany's weak productivity.
Problems raised
Germany's productivity growth is persistently weak.
Investment is weak after monetary tightening.
Growth is weak across the euro area.
Solutions proposed
Learn from Greece's reform success.
Take decisive government action to reignite productivity.
