“The incoming coalition government is aiming for a rebound of the German economy and stronger competitiveness following years of anaemic growth. To this end, it envisages several stimulating measures such as lowering energy prices and facilitating depreciation.1 Capital market reform is not the main focus – but some aspects of the coalition treaty, if implemented, could have a meaningful impact on capital markets. In this note, we take a more detailed look. We see the following key elements: i. boosting the financing of young, innovative companies through risk capital markets, ii. improving funding options for long-term investments in infrastructure and renewable energy, and iii. introducing a funded component in the pension system for the youngest generation, invested in capital markets and paid for with public money.”
Morten W. Langer
