German finance minister, Bundesbank president back Merz's European stock market proposal

German Finance Minister Lars Klingbeil and Bundesbank president Joachim Nagel both backed Chancellor Friedrich Merz's call for a European stock exchange to support European companies and growth.

Nagel, speaking on a panel with Klingbeil on the sidelines of the International Monetary Fund meetings in Washington on Friday, said it would send a strong signal in support of Europe as a business location.

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