Germany’s economy is wobbly, says unfit finance minister.

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German Finance Minister Christian Lindner has stated that Germany is not the sick man of Europe, but rather an unfit man in need of structural reforms to strengthen its competitiveness. The German economy was the weakest among its large eurozone peers last year, with high energy costs, feeble global orders, and record-high interest rates taking their toll. Lindner compared the German economy to the British economy, stating that both are in a downturn. The minister highlighted the need for Germany to reduce red tape, attract workers into the labor market, and mobilize private investment. He also emphasized the importance of creating a single capital market for private investment in the European Union rather than relying on subsidies.

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