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In Germany, Merz government sworn in. Klingbeil at the helm of German finances

07/05/2025 17:58

Euroeconomie

Euroeconomies, Macros/Scenarios, germany, economia-tedesca, spd, friedrich-merz, lars-klingbell, economy, klingbeil-ist-bekannt-fur-seine-kritik-an-der-deutschen-schuldenbremse-die-die-nutzung-staatlicher-s,

In Germany, Merz government sworn in. Klingbeil at the helm of German finances

Klingbeil ist bekannt für seine Kritik an der deutschen Schuldenbremse, die die Nutzung staatlicher Schulden begrenzt

EU/EN - Friedrich Merz has been the new chancellor of Germany since May 6. Lars Klingbeil, 47, co-leader of the SPD since 2021, has been appointed vice-chancellor and finance minister. He has an academic background in political science and history. He has 15 years of parliamentary experience, especially in the field of defense. Klingbeil is known for his critical position towards the German "debt brake", which limits the use of public debt, so his appointment represents a significant turning point.

 

Major challenges

The coalition has agreed on an extraordinary spending plan, which includes a special fund of 500 billion euros for infrastructure and defense. In addition, social measures are planned such as increasing the minimum wage to 15 euros per hour and protecting pensions at 48% of the average salary. The new government is facing unprecedented economic and geopolitical challenges.

 

ITA - Merz è dal 6 maggio il nuovo cancelliere della Germania. Lars Klingbeil, 47 anni, co-leader dell’SPD dal 2021, è stato designato vicecancelliere e ministro delle Finanze. Ha una formazione accademica in scienze politiche e storia. Vanta 15 anni di esperienza parlamentare, soprattutto in ambito difesa. Klingbeil è noto per la sua posizione critica nei confronti della “frenata del debito” tedesca, che limita il ricorso all’indebitamento pubblico, per cui la sua nomina rappresenta una svolta significativa.
 

Sfide importanti
La coalizione ha concordato un piano di spesa straordinario, che include un fondo speciale di 500 miliardi di euro per infrastrutture e difesa. Inoltre, sono previste misure sociali come l’aumento del salario minimo a 15 euro l’ora e la protezione delle pensioni al 48% del salario medio. Il nuovo governo si trova ad affrontare sfide economiche e geopolitiche senza precedenti. 

 

Antonio De Chiara @euroeconomie.it *

 

* This contribution is not a journalistic article but an analytical brief - Questo contributo non è un articolo giornalistico ma un brief analitico
 


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