Financial expert Adam Tooze criticizes German economic policy in an interview with Handelsblatt

Financial expert Adam Tooze criticizes German economic policy in an interview with Handelsblatt

According to a report by www.focus.de said the renowned economic historian Adam Tooze in an interview with “Handelsblatt” about his criticism of German economic policy. Tooze had described the German finance minister as the “most dangerous man in Europe” and accused him of making “absurd statements” about the debt brake. According to Tooze, a lack of investment is the root of many problems in Germany. In particular, he criticizes the FDP's attitude towards the debt brake and its adherence to outdated economic policy.

The focus on deindustrialization and investments in chip companies like Intel are seen as worrying by Tooze. He argues that investments in the energy transition and the digitalization of the public sector are urgently needed to secure the future viability of the German economy. The economic historian also predicts an inevitable deindustrialization in parts and emphasizes that this does not necessarily have to mean the end of the world.

Adam Tooze's criticism of German economic policy has the potential to influence the financial industry, as his arguments raise serious questions about the future direction of economic policy in Germany. The discrepancy between traditional views on the debt brake and the necessary investments in future technologies and education could lead to an intensive debate about the right economic policy strategy. This, in turn, could have an impact on companies' investment decisions and the planning of government projects. It is therefore important to take into account the perspectives on German economic policy presented by Tooze and to reflect them in future decisions.