Volker Wieland outlines with Council of Economic Experts reform plan for Germany ("Die Welt")

Structural education reforms, accelerated digitization, targeted investment in climate protection - these are just some of the measures that the Council of Economic Experts, including Volker Wieland, believes the new German government should tackle swiftly. In a guest article in "Die Welt," the members outlined what a roadmap of the necessary reforms should look like.

"International climate cooperation urgently needs to be strengthened in order to be able to achieve the goals of the Paris climate agreement," the economists write. Extensive private investment would be needed for the green and digital transformation to succeed. For this, growth-friendly and reliable framework conditions would have to be created."In order to be able to respond comprehensively to future crises again, fiscal policy should be normalized again after the crisis without jeopardizing the economic recovery," they continue. Fiscal policy must ensure the sustainability of government finances, they argue. The European Central Bank should promptly communicate an exit strategy from the very expansionary monetary policy measures.

Die Welt: "Das ist der Reformfahrplan der Wirtschaftsweisen für Deutschland"