Mario Draghi's call for joint EU bonds hits wall of German opposition

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The irony is that Germany’s export-oriented economy is one of the biggest benefactors of open markets — and in urgent need of the kind of investments Draghi advocates.

Neither of Germany’s other two parties in government are keen — although Economy Minister Robert Habeck said in a statement that he supports Draghi’s call for investments in Europe in principle.

The former Italian premier had barely finished presenting his long-awaited report on Monday about how to fix Europe’s ailing economy — with its centerpiece of common bond issuance — when Finance Minister Christian Lindner retorted that such an approach won’t solve the region’s structural problems.“I am very skeptical about Mr.

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Category: BusinessFinance

Markets: IndiaChinaGermany

Topics: EU Funding Fundraising Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 23:27:07 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1030 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22451563

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