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Europe's Productivity Slump: Bundesbank Chief Calls for Action
22 Nov
Summary
- Bundesbank President Nagel urges bold steps to boost European productivity.
- Simpler regulation and better equity financing are key recommendations.
- Action is needed to safeguard European living standards.
Bundesbank President Joachim Nagel is urging European politicians to implement significant measures to counteract declining productivity and secure current living standards. He articulated that simplifying regulatory frameworks and enhancing access to equity financing are essential components for economic revitalization.
Nagel specifically pointed to market-based equity financing as a critical area for improvement. Although projects such as the Savings and Investments Union are in progress, he believes that more robust and immediate actions are required to energize the European economy.
These calls for reform come at a time when economic growth is a paramount concern. The Bundesbank's president emphasized that proactive and bold steps are necessary to ensure Europe remains competitive and maintains its economic well-being in the future.
