Financial expert: Robert Habeck brings top economist for economic policy into the ministry

Financial expert: Robert Habeck brings top economist for economic policy into the ministry

According to a report by www.n-tv.de, Federal Minister of Economics Robert Habeck plans to make changes in his ministry. Part of these changes includes the hiring of top economist Elga Bartsch to head the economic policy department. This step is part of a larger restructuring of the ministry to make it more effective in the energy and economic crisis and in future tasks. The personnel still has to be confirmed by the Federal Cabinet.

The appointment of Elga Bartsch to the position is expected to have an impact on the market and the financial industry. As a former chief European economist at investment bank Morgan Stanley and top economist at asset manager Blackrock, she brings extensive expertise in the areas of macroeconomics, fiscal policy and monetary policy. Her research into the risk of climate change to the economy and its economic modeling make her an expert in this field.

With her appointment as head of the “Economic Policy” department, she will shape the economic direction of the ministry together with the responsible State Secretary Sven Giegold. This is of particular importance because the federal government aims to develop a social-ecological market economy from the social market economy. Elga Bartsch will therefore be significantly involved in shaping the economic aspects of implementing this goal.

The restructuring of the ministry, which brings together the tasks and departments of various departments and focuses the distribution of tasks more clearly, aims to create synergies and increase efficiency. By eliminating redundancies, work processes should be optimized. This structural change may impact how the Department deals with current economic challenges and how it effectively implements its energy security and economic stabilization goals.

Overall, the restructuring of the ministry under the leadership of Robert Habeck is expected to lead to a strengthened economic policy that does justice to both economic and ecological aspects. Elga Bartsch's expertise will help to overcome the economic challenges of the future and pave the way to a sustainable market economy.