Digitalisation and sustainability top of the agenda for Germany and Europe
Thursday 25 November 2021 – Vol.12 Ed.47.4
Commentary: Memo to Chancellor Scholz: ‘Sustainable investment not real estate’
By David Marsh in Frankfurt
A timely warning to the new German government on promoting productive rather than speculative investments has been sounded by a wide-ranging report from McKinsey Global Institute. The report coincides with announcement of the main policy proposals of the future Berlin government under Olaf Scholz. The coalition treaty is replete with ambitious plans in digitalisation, sustainability and social housing, key issues underlined by MGI.
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Commentary: Tucker: Five years is too long for digital euro debate
By Lewis McLellan in London
The ECB is dragging its feet with its five-year timeline for its decision on the digital euro, according to Paul Tucker, former deputy governor of the Bank of England. The ECB launched a two-year investigation phase in July 2021. Once completed, it will decide on whether to develop a digital euro. Tucker said in an OMFIF keynote speech: ‘These questions don’t take five years. They take the right people having a handful of meetings over a few months, not five years.’
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