A director of the German Economy Institute (IW), Michael Hüther, has called for structural reforms as the next step following the Bundestag’s decision to expand the national debt.

According to Hüther, as reported by the “Rheinische Post” (Wednesday edition), the necessary conditions have been met and now it is about showing the same courage and consistency in implementing reforms. These reforms should be focused on the labor market, the social system and the administration.

Hüther sees the current situation as an opportunity for a new start in German politics. “Internationally, we will send the important signal of our ability to act in defense of and for growth” he said.