BERLIN, Jan 27 (Reuters) - Germany will push for a "two-speed" European Union to break decision-making inertia in the 27-member bloc and galvanise its economies, calling for a core group of member states to move ahead on key policies to make Europe stronger and more independent.

In the letter, Klingbeil invited partners in France, Poland, Spain, Italy and the Netherlands to a video conference on Wednesday to set an ambitious and concrete agenda to strengthen the sovereignty, resilience and competitiveness of Europe. The letter seen by Reuters includes a four-point plan on how to push forward the capital markets union, strengthen the euro, better coordinate investment in defence and secure raw materials.

Klingbeil said the coalition of countries needs to move faster on the Savings and Investment Union to create better financing conditions for European businesses and in particular Europe’s start-ups and scale-ups.

The second point focuses on the international role of the euro as a safe haven based on predictability and the rule of law, Klingbeil said, calling for cuts to red tape and enhancing sovereignty in the payment sphere.

Regarding defence spending, Klingbeil called for better cooperation among member states and for firmly embedding defence as a priority in the next EU multiannual budget, "turning defence into an engine for growth."

Germany pushes for 'two-speed' Europe with new bloc of six leading economies

I agree with the principle, not necessarily with the countries invited.