Feb 25 β€’ 12:45 UTC πŸ‡©πŸ‡ͺ Germany SZ

Expert Council: The Dismissal of Economist Malmendier is a Fatal Signal

The article discusses the dismissal of economist Ulrike Malmendier from Germany's Economic Expert Council and the implications of such a political move amidst troubling economic times.

The article reflects on the recent decision by the CDU to block the renewal of Ulrike Malmendier's term in the German Economic Expert Council, questioning the timing and reasoning behind such a decision. Malmendier, an economist who is closely following U.S. policies, plays a crucial role in advising the German government during tumultuous economic phases, especially with the ongoing uncertainties triggered by U.S. tariffs under the Trump administration. Her dismissal is perceived as an adverse signal at a time when sound economic counsel is greatly needed in Germany.

The author critiques the CDU's approach, suggesting that political motivations are leading to the appointment of more agreeable economists to the council rather than those who might provide critical and necessary perspectives. This urgency is compounded by recent policy changes that threaten to disrupt the operations of German companies, highlighting the need for economists who not only understand Europe's economic landscape but are also attuned to the complexities arising from the U.S. economic policies.

The commentary emphasizes the importance of retaining experienced analysts like Malmendier who can navigate the intricate relationship between U.S. and German economic policies. The author calls for a reconsideration of this decision, positing that to get out of the current impasse, it is essential for the government to prioritize genuine economic expertise over political affiliations, particularly in such uncertain times.

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