Volker Wieland about the costs of the grand coalition ("Bloomberg Businessweek")

Minimum wage, lowering the retirement age from 67 to 63, higher pensions for mothers - the grand coalition has come up with many expensive projects since the elections.

"Merkel has political capital to spare, but she isn't using it to prepare Germany for the future", Bloomberg Businessweek writes. "There is always a temptation to now say we have these fruits of our labors, now let's consume them," says Volker Wieland. Forming the coalition "became very expensive," he adds.

Read the full article: "Germany's Merkel Avoids Painful Economic Reforms"