At the Deutsche Bundesbank’s Annual Report 2024 press conference, President Joachim Nagel emphasized the urgent need for effective economic policy in Germany following the recent snap Bundestag election. He called for a swift formation of a new government to foster higher growth and improve planning certainty and supply-side conditions. First Deputy Governor Sabine Mauderer will provide detailed insights into the annual accounts shortly.
about Deutsche Bundesbank Annual Report 2024 Highlights and Economic Policy InsightsNagel
0 posts last weekBundesbank and ECB report historic losses from expansive monetary policy
The Bundesbank and the ECB have reported combined losses nearing 30 billion euros due to the repercussions of expansive monetary policies and extensive securities purchases over the past two years. The Bundesbank’s loss of 19.2 billion euros in 2024 marks its first loss since 1979 and the largest in its history. President Nagel has proposed reforms to the German debt brake in response to these challenges.
about Bundesbank and ECB report historic losses from expansive monetary policyFinancing the Transition to Greenhouse Gas Neutrality in Europe
Joachim Nagel emphasizes the urgent need for over €1.2 trillion annually in EU investments to achieve greenhouse gas neutrality by 2030, highlighting a significant gap in current funding. He advocates for a robust banking system and alternative financing sources to support households and firms in transitioning to greener technologies. Additionally, strategic long-term planning by legislators can help minimize additional financing needs and encourage sustainable investments.
about Financing the Transition to Greenhouse Gas Neutrality in Europe