Germany and France seek reforms to boost economic growth in Europe, calling for more innovation, more investment, less bureaucracy and fairer competitive conditions. “Europe will need a new economic dynamic over the next five years,” they warn in a paper adopted at the Franco-German Council of Ministers at a gathering near Berlin. The European Commission estimates that additional private and public investment of more than €620 billion ($670 billion) per year is needed for climate neutrality and energy policy projects. The two called for targeted support for European companies in strategic indu…