BSW Wagenknecht Slams Pension Age Hike Calling for Eastern Referendum
BSW politician Sahra Wagenknecht strongly criticized the potential raising of the retirement age to 70. Speaking to the press, Wagenknecht dismissed the idea as “absolutely heartless pension cuts” adding that it was “completely detached from reality” for anyone to work until the age of 70. She warned that any further reduction in benefits would…
May 21, 2026
Pension Commission Chair Denies Agreeing to Sweeping Retirement Reform Proposals
Constanze Janda, Co-Chairwoman of the Pension Commission, rejected a report published by the “Bild” newspaper, which alleged that the Commission had reached agreements on sweeping reform proposals. Speaking to the “Tagesspiegel”, Janda stated that the Commission’s work will not be completed until the end of June, meaning that no concrete…
May 21, 2026
Shorter Unemployment Benefits May Ease Persistent Skilled Labor Shortage
Ifo Institute researchers suggest that reducing the duration of reduced working hours benefits could help alleviate the current labor shortage. According to the institute’s current study, it is observed that “we are currently experiencing a labor shortage in many industries while simultaneously seeing high levels of unemployment in other sectors”.…
May 21, 2026
Middle-Class Union Draws Red Line Against Tax Hikes
The Mittelstands- und Wirtschaftsunion (MIT), the business wing of the CDU and CSU parties, has drawn a firm boundary against any planned tax increases, according to reports from the “Rheinische Post”. Gitta Connemann, head of the MIT, stated to the paper that if the goal is to secure jobs, policy must not penalize performance. She dismissed tax hikes as sending…
May 21, 2026
Görlitz House Collapse Unearths Body From Rubble
The police reported on Thursday that a body was found among the rubble following the collapse of an apartment building in Görlitz. The victim has been identified as the 25-year-old missing Romanian woman. Rescue workers discovered the woman’s body late Wednesday evening, around 10:30 PM, after a search dog was utilized. A paramedic confirmed that the deceased had…
May 21, 2026
Continental Board Expansion Planned to Boost Corporate Strategy
Tire manufacturer Continental is planning a significant expansion of its management board. The push for this restructuring is being spearheaded by Sabrina Soussan, the chair of the Supervisory Board, according to Manager Magazin. Citing sources within the company, the magazine reports that Soussan aims to expand the current leadership team, including the addition of three…
May 21, 2026
Economists Back Raising Retirement Age to 70 With Lower Pension Standards
According to Michael Hüther, Director of the Institute of German Economy (IW), significant changes to the statutory pension insurance system can only occur within the framework of a pay-as-you-go structure. When speaking to the “Rheinische Post”, Hüther identified three controlling variables: the contribution rate, the pension level, and the age of pension…
May 21, 2026
DAX Starts Day With Minor Losses End Of Reporting Season
The DAX experienced slight losses as trading commenced on Thursday. By 9:30 AM, the leading index was calculated at approximately 24,630 points, representing a decline of 0.4 percent compared to the closing level of the previous day. Among the highest-ranking stocks were Qiagen, Merck, and the Porsche Holding, while the lower end of the list included Brenntag, Commerzbank,…
May 21, 2026
Pension Commission Members Deny Plan to Raise Retirement Age to 70
Several members of the Pension Commission have denied that the commission reached an agreement to raise the retirement age to 70 in the long term. This is the report published by the “Handelsblatt”. According to sources, the figure 70 does not appear in the initial draft of the final report. This is also true for the birth years mentioned by “Bild”,…
May 21, 2026
Union Deputy Müller Supports Gradual Increase to Retirement Age of 70
Sepp Müller, the Vice Chairman of the unions’ parliamentary group, has stated support for gradually raising the retirement age to 70. Speaking to RTL and ntv, he affirmed that while he is not yet aware of the pension commission’s findings, he believes the proposal for a higher working age is beneficial. He argued that fairness requires the younger generation, who…
May 21, 2026
Germany Evades EU Deficit Procedure Bundesregierung Safe From EU Scrutiny
Germany does not currently need to fear an EU deficit procedure. Although projected figures indicate that the budget deficit will rise significantly above the stipulated three percent threshold relative to economic output this year, the EU Commission plans not to classify Germany as a deficit offender, according to reports cited by the “Handelsblatt” referencing…
May 21, 2026
EU Leaders Push Zelensky Harder on Ukraine Corruption Scandal
The corruption scandal rocking Ukraine is increasingly straining the political relationship between the nation and the European Union. Multiple heads of European governments have reportedly urged Ukrainian President Volodymyr Zelenskyy, demanding that the allegations be investigated thoroughly and that consequences be faced if wrongdoing is proven, as reported by “Der…
