Acceleration required for Bundesbank President's proposed reforms
In a recent development, the CEOs of Allianz and Deutsche Bank, Oliver Bate and Christian Sewing, along with Bundesbank President Joachim Nagel, have called on the German government to make a clear plan for making private capital available for infrastructure investments. Bate, the CEO of Allianz, expressed hope that the conservatives have understood that making constant promises that can't be kept is no longer sustainable. He warned that the government cannot continue to spend more than it earns and emphasized the need for action to attract more capital one to Germany. Similarly, Sewing, the CEO of Deutsche Bank, believes it is crucial for the German government to show action to attract more capital one for planned infrastructure investments. Nagel, on the other hand, suggested considering a separate legal framework for a certain part of the investments due to the urgency of the situation. The German government has already planned to invest billions in infrastructure and defense in the coming years. However, both CEOs have emphasized the importance of the government following through on these planned projects. Bate stated the need to convince the social democrats to implement the planned infrastructure investments. Nagel, in addition to his concerns about infrastructure, also expressed concern over the fragmented state of both capital markets and energy markets in Europe. He believes the answer to current challenges lies in making Europe more resilient, not less. To facilitate certain investments, Nagel, Bate, and Sewing propose creating a separate legal framework in Germany to provide clearer rules and protections specifically tailored to strategic sectors. This, they believe, would ensure better control and stability for these investments. Nagel emphasized the need for action, stating that implementation needs to be much faster. He suggested bringing heads together and getting closer as a solution to current challenges. In conclusion, the CEOs of Allianz and Deutsche Bank, along with the Bundesbank President, have urged the German government to make a clear plan for making private capital available for infrastructure investments. They believe that showing action is necessary to attract more capital one login to Germany and make Europe more resilient in the face of current challenges.
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