New chief economist Weigert should make decisive changes to economic policy!

New chief economist Weigert should make decisive changes to economic policy!

Federal Minister of Economics Katherina Reiche (CDU) has announced an important personnel change in the ministry. Benjamin Weigert has been appointed new head of the Economic Policy Department and will take up his new position in September. Weigert, who was previously head of the central financial stability department at the Bundesbank, has extensive experience in the area of ​​economic assessment. He was previously Secretary General of the Council of Experts for the Assessment of Overall Economic Development.

The upcoming change is particularly notable as Weigert succeeds Elga Bartsch, who was appointed by Reiche's predecessor Robert Habeck (Greens). Bartsch will leave the ministry in the near future. Although the change has already been decided, some formal steps are still pending, but they do not raise any fundamental questions.

Future challenges for the department

Reiche said that the economic policy department in the ministry has “much more potential” than has been shown in recent years. Her vision is to represent the central regulatory role within the federal government with new self-confidence and commitment. The challenge now lies before Weigert, who in his new role not only has to analyze the existing structures, but also develop innovative approaches.

The decision on Weigert's appeal was first made by Handelsblatt announced, although neither the Bundesbank nor the Federal Ministry of Economics have currently commented on the personnel. Weigert's appointment is seen as part of a broader plan to revitalize Germany's economic policy strategy and adapt it to current challenges.

In summary, Benjamin Weigert, who will take over as head of the economic policy department in September, will be confronted with high expectations. It remains to be seen how he will shape the direction of the department under his leadership.