Young Germans are losing faith in a better future - Lars Klingbeil talks about new economic policy

Young Germans are losing faith in a better future - Lars Klingbeil talks about new economic policy

According to a report by vorwaerts.de,

According to a youth study by the TUI Foundation, many young people in Germany and Europe have lost faith in a better future. This has implications in various areas, particularly in the economy and finance.

SPD leader Lars Klingbeil's proposed new social democratic economic policy aims to revive belief in a better future and frame changes as improvements. The transformation towards a climate-neutral economy and overcoming the shortage of skilled workers are seen as challenges that must be overcome in order to keep Germany economically strong.

A central demand is the return of the role of the state to the center in order to create a new interaction between market and state in which the state should “provide orientation”. Concrete measures, such as subsidizing the price of electricity for companies that rely on climate-neutral conversion, are being discussed. Furthermore, a strengthening of company co-determination and collective bargaining is emphasized.

The proposed economic policy measures require significant financial resources, which will affect public and private financing. Investments in infrastructure, employee pay and the welfare state are seen as necessary. This could have an impact on the financial market and investment decisions.

Ultimately, it is emphasized that the changes not only influence the future of Germany as a business location, but also the future of democracy. The discussion about the implementation of the proposed measures and investments in the future will certainly provoke a wide debate in the financial sector and lead to different reactions.