ECB Calls for Urgent Action From EU Leaders to Unlock Growth (1)

The European Central Bank told EU leaders to take “urgent collective action” to strengthen the economy, outlining five key measures to consider ahead of an upcoming summit.

In a letter seen by Bloomberg, the ECB called for a savings and investment union, a digital euro, a deepening of the single market, policies to foster innovation, and simpler legislation. It also explained why each of the proposals is necessary and identified concrete steps to pursue.

The ECB’s document is the product of discussions at this week’s Governing Council meeting, in which officials expressed frustration about the lack of progress in implementing ...