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    Home > Finance > German, French ministers aim to boost EU competitiveness with new format
    Finance
    German, French ministers aim to boost EU competitiveness with new format

    Published by Global Banking and Finance Review

    Posted on January 27, 2026

    2 min read

    Last updated: January 27, 2026

    German, French ministers aim to boost EU competitiveness with new format - Finance news and analysis from Global Banking & Finance Review
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    Tags:European economiesfinancial communityinvestmenteconomic growth

    Quick Summary

    German and French ministers propose a new EU forum to boost competitiveness, focusing on reducing import reliance and strengthening the euro.

    Table of Contents

    • Strengthening EU Competitiveness
    • Goals of the New Forum
    • Invitation to Partner Countries

    German and French Finance Ministers Propose New EU Competitiveness Forum

    Strengthening EU Competitiveness

    BERLIN, Jan 27 (Reuters) - Finance ministers from Germany and France want to strengthen competitiveness within the EU by introducing a new format of the bloc's six leading economies, a letter from the German minister seen by Reuters showed.

    EU economies are trying to reduce their dependence on imported critical raw materials from countries including China and to tackle fears that trade tariffs and the fragmentation of global markets could undermine growth and investment.

    "To survive in an increasingly unpredictable geopolitical situation, Europe must become stronger and more resilient," wrote Lars Klingbeil in a letter to his counterparts dated on Monday, adding that continuing as before could not be an option.

    Goals of the New Forum

    He and the French finance minister have invited partners in Poland, Spain, Italy and the Netherlands to a video conference on Wednesday to start a new forum for discussion.

    Invitation to Partner Countries

    The aim is to clarify how European measures can be accelerated and made more ambitious, wrote Klingbeil. 

    Specific goals include creating better financing conditions for new, fast-growing firms, strengthening the euro as a safe haven, better coordinating European defence spending and making supply chains more resilient, he added. 

    (Reporting by Christian KraemerWriting by Madeline ChambersEditing by Ludwig Burger)

    Key Takeaways

    • •German and French finance ministers propose a new EU forum.
    • •The forum aims to strengthen EU competitiveness.
    • •Focus on reducing dependence on imported raw materials.
    • •Goals include better financing for fast-growing firms.
    • •Invitation extended to Poland, Spain, Italy, and the Netherlands.

    Frequently Asked Questions about German, French ministers aim to boost EU competitiveness with new format

    1What is competitiveness?

    Competitiveness refers to the ability of a country or region to produce goods and services that meet the test of international markets while maintaining or expanding the real incomes of its people.

    2What is a financial community?

    A financial community comprises individuals and institutions involved in the management, investment, and regulation of financial assets and services.

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