The German finance minister, Christian Lindner, has admitted that Germany has become the “tired man” of Europe due to years of crisis eating away at the country’s competitiveness. Speaking at the World Economic Forum in Davos, Lindner called for serious reforms to regain Germany’s lead. He acknowledged that Germany faced low growth expectations and said that structural reforms were needed. Lindner also discussed the need for Europe to prepare for the possibility of Donald Trump winning a second term in office by creating a more competitive European economy and boosting defence spending. Overall, Lindner emphasized the importance of structural reforms, including labour market reforms, technology investment, cutting red tape, and becoming more competitive in corporate taxation, in order to strengthen Germany’s economy.
Germany’s finance minister confesses: Europe’s burnt out man on duty.
Latest from News
Fintech booming with $350 billion growth in sector.
TLDR: The fintech sector has grown substantially, amassing over $350 billion in venture capital from 2019 to 2023. Start-ups are capitalizing on digital finance
Catch the latest fintech news in a quick weekly rundown.
TLDR: Bankjoy and nCino announce new partnerships in the fintech industry Significant funding and collaboration news in payments, lending, open banking, wealth management, and
Ameetee secures $1M funding for fintech startup.
TLDR: Ameetee, a fintech startup, has raised $1 million in seed funding to launch a B2B platform for securitizing shares in private companies. The
MTN Boosts Fintech in Africa, the Largest Wireless Carrier.
Article Summary TLDR: MTN Group Ltd. increased fintech transaction volumes by a third last year. MTN now has 72.5 million active users of its
Top fintechs prioritize this function equal to innovators and engineers.
TLDR: Key Points: Fintech success is a combination of innovation, engineering, and compliance. Compliance officers are crucial for the long-term success of fintech companies.