Economic Situation & strategy
September 23, 2022

Economic and Financial Policy in Germany: Advice for Difficult Times

It would be a lie to claim that the world has been uncomplicated in the past. People tend to assess current challenges as particularly dramatic, while past problems quickly fade in memory and thus tend to be underestimated. Nevertheless, no one is likely to disagree with the opinion that the current mixed situation is indeed critical this time around.

For a country's economic and financial policy, these circumstances pose extreme challenges. It cannot and should not come as a surprise if political decisions lack a common thread when viewed from the outside. After all, there is no script for such a situation to follow. Nevertheless, from now on it is important to make as few mistakes as possible and to deal with the challenges in the best possible strategic way. The course is now being set for whether the current situation will remain a temporary crisis or whether it will be the starting point for the long-term decline of Germany and ultimately of the continent.