Germany’s new coalition is a recipe for stagnation
A new, fresh leader. Bold radical ideas. And a programme for rebooting an economy that, for all its formidable strengths, is, to put it kindly, a little stuck in the 20th century. Later today, Germany is set to anoint its first new Chancellor in 15 years, and, at the very least, you might expect some new ideas. The trouble is, there is little sign of them from Olaf Scholz. Instead, the country is opting for the euro-zone’s slow lane, falling behind a rapidly reforming Italy and France. After two months of complex negotiations, following an inconclusive election in September, the Social Democrat leader Olaf Scholz will finally present his coalition