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Finance Ministers from German-speaking Countries Adopt Lake Constance Declaration to Strengthen Competitiveness
Finance ministers from Germany, Austria, Switzerland, Liechtenstein, and Luxembourg met in picturesque Vorarlberg, Austria, to adopt the so-called "Lake Constance Declaration". This landmark declaration aims to strengthen Europe's competitiveness in a rapidly changing global economy while safeguarding the continent's prosperity and stability.
Austria, Germany, Liechtenstein, Luxembourg, and Switzerland's finance ministers convened in Lochau to discuss the "Lake Constance Declaration," aimed at enhancing Europe's competitiveness and job creation. / Picture: © BKA / Wenzel / Flickr Attribution 2.0 Generic (CC BY 2.0 DEED)
The declaration, which was adopted following intensive discussions at the German-speaking finance ministers' meeting, includes a series of key measures that are intended to be decisive for Europe's future positioning on the global market. The focus is on promoting innovation and technology, strengthening the capital markets, and reducing bureaucratic hurdles.
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