However much economists of different origins may outdo each other in attempts to respect and circumvent the debt brake at the same time, these discussions cannot change the long-term challenges facing the German economy.

Demography will reduce the long-term growth potential of the economy if it is not possible to work significantly more productively in the future.

With demographic change, the proportion of the working population in the total population is shrinking.

Since the SPD, Greens and FDP want to modernize the country, but the SPD in particular has shown no interest in raising the retirement age, the state will reach its financial limits more quickly than it does through the foreseeable increase in the federal subsidy for statutory pensions alone can be nice.

The decarbonization of the economy will in turn offer many companies opportunities in international markets.

But it will endanger the existence of others - with all the consequences that this will have for jobs.