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Germany’s Pension Fund Would Be Safe With Bundesbank, Nagel Says
Key Points
Germany’s Pension Fund Would Be Safe With Bundesbank, Nagel Says Germany’s central bank is well positioned to oversee the country’s planned state-backed pension fund if it’s asked to do so, according to President Joachim Nagel. “We have the knowledge, we have the expertise, and so we are applying for this job,” he told Bloomberg Television in Sintra, Portugal, on Wednesday. “The Bundesbank already is managing pensions for different states in Germany.”
Germany’s Pension Fund Would Be Safe With Bundesbank, Nagel Says
Germany’s central bank is well positioned to oversee the country’s planned state-backed pension fund if it’s asked to do so, according to President Joachim Nagel.
“We have the knowledge, we have the expertise, and so we are applying for this job,” he told Bloomberg Television in Sintra, Portugal, on Wednesday. “The Bundesbank already is managing pensions for different states in Germany.”