Financial expert Lindner calls for a stronger Europe regardless of US President - World Economic Forum 2020

Financial expert Lindner calls for a stronger Europe regardless of US President - World Economic Forum 2020

According to a report by www.sueddeutsche.de, senior politicians and financial experts met at the World Economic Forum to discuss the outlook for the global economy. Finance Minister Christian Lindner called for Europe to become more independent of the US administration by strengthening its defense and economy. Christine Lagarde, head of the European Central Bank, supported this view and stressed the need to improve the EU's internal market and invest retirement savings in Europe.

Germany had to defend its mediocre economic performance in Davos. Despite a decline in gross domestic product, Lindner spoke about the resilience of the German economy in the face of increased energy prices and weak demand from China. However, Germany is not the “sick man of Europe”, but rather the “tired man after a short night”. Lindner called for structural reforms to stimulate the economy and described the federal states as an obstacle to these reforms.

Lindner also suggested that German steel manufacturers should establish partnerships in Africa, for example, to finance CO2 savings instead of setting up climate-neutral production in Germany itself. He proposed the creation of a global market for CO2 under the umbrella of the OECD. This proposal could provoke controversial reactions and create winners and losers in Germany.

The discussions and suggestions from Christian Lindner and Christine Lagarde could have potential impacts on the financial market and the financial industry. Strengthening the European economy and establishing a global carbon market could have long-term effects on investments, corporate strategies and global trade relationships. It remains to be seen how the proposed measures will be implemented and received by various players in the market.