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SMP LeaderTalks

#62 | Performance vs equalisation

SMP LeaderTalks

7. August 2024

Georgiy Michailov meets Prof. Dr. Clemens Fuest

On the German downward trend, competitiveness and political tensions.

35 Min

"The state should work to increase people's willingness to work."

At a time when Germany is falling behind in international rankings and economic uncertainties are increasing, the key questions are: How can Germany secure its competitiveness in the long term? And what measures are necessary to stabilise and promote the economy? Together with our guest in this SMP LeaderTalks episode, we get to the bottom of these questions. 

"The problem is that most politicians have never done anything other than politics."

Prof Dr Clemens Fuest is President of the ifo Institute and a renowned economist. In an interview with Georgiy Michailov, he provides insights into the current situation and future prospects of the German economy and explains what structural changes and political measures are needed to get Germany back on track for growth. 

"A 4-day week instead of a 5-day week with the same pay is definitely not possible for everyone."

The two discuss demographic change, geopolitical tensions and the need for reforms in social and economic policy. What the 4-day week would mean for our country. What challenges and opportunities digitalisation offers. And how Germany can strengthen its position in the global economy through innovation. 

*Video only in German

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