The problem with the German economy is that Germans work too little, said Finance Minister Christian Lindner (FDP), Focus Online writes on April 19.
On the sidelines of the spring meeting of the International Monetary Fund’s governing bodies in Washington, Lindner said: “In Italy, France and other countries they work much more than here.” According to the politician, the problem of the German economy is not the lack of public investment, but the shortage of hours worked per year.
In other words, the problem is Germans who work too little. The minister explained that this is due to the rules that regulate the reduction of working hours, the demographic situation and the forced transition to part-time work.
Lindner proposed labor market reforms in addition to reducing bureaucracy and offering tax incentives to attract investment. “When people work or work more, they end up paying more taxes and social security contributions and receiving fewer social benefits.”“explained the politician.
Lindner set himself the goal of doubling the so-called potential growth of the German economy in two to three years. At the same time, we are talking about economic growth with normal use of all capacities, that is, without short-term economic fluctuations. This potential growth is now less than one percent, down from 1.5 percent ten years ago.
Source: Rossa Primavera

I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.