Current economic policy challenges in Germany and Europe
· Joachim Nagel, President of the Deutsche Bundesbank (Germany)
Summary written by Dark Majestic in its own words · topics: financial stability, climate, energy and nature, public finances and debt, labour markets and jobs
JN · Joachim Nagel Wiki · Deutsche Bundesbank WikiCurrent economic policy challenges in Germany and EuropeContextSpecial lecture by Joachim Nagel, President of the Deutsche Bundesbank, at Yonsei University, Seoul, 1 December 2025.
Why it mattersSpeaking in Seoul, the Bundesbank President compares German and Korean exposure to US-China tensions.
Problems raised- Export-driven economies are exposed to US-China tensions.
- Dependence on imported energy creates vulnerability.
- Labour shortages and pensions weigh on Germany.
Solutions proposed- Complement the fiscal package with structural reforms.
- Ease labour shortages and strengthen pension financing.
- Pursue European-level reforms too.
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