Bundesbank Chief Nagel to Receive France's Highest Honor

Bundesbank President Joachim Nagel is set to receive France's highest honor, the Legion of Honor, in recognition of his significant contributions to Franco-German cooperation and European integration. The ceremony will take place at the French Embassy in Berlin on Friday afternoon.

Nagel, who was born in Karlsruhe near Strasbourg, stated that he is personally shaped by the history of Franco-German reconciliation. The Bundesbank announced that Nagel will be presented with the insignia of a Knight of the French National Order of the Legion of Honor. He is also scheduled to discuss "Europe and Franco-German relations" with François Villeroy de Galhau, the honorary president of the Banque de France.

“

with the award, France honors Mr. Joachim Nagel's steadfast commitment to the European unification process and his significant contribution to Franco-German cooperation.

According to the French Embassy in Berlin, the award honors Nagel's "steadfast commitment to the European unification process and his significant contribution to Franco-German cooperation." The Bundesbank highlighted that Nagel, along with Villeroy de Galhau, has advanced several initiatives to deepen European integration, particularly concerning the Capital Markets Union and enhancing Europe's competitiveness.

Nagel conveyed his "great gratitude and deep joy" upon learning of his appointment as a Knight of the Legion of Honor. The Legion of Honor, established by Napoleon Bonaparte on May 19, 1802, recognizes outstanding civil and military service to France and its values. The Bundesbank noted that it is awarded to individuals who have rendered exceptional service to the country or the Republic's ideals.

“

the appointment as a Knight of the Legion of Honor fills me with great gratitude and deep joy.