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International Business Times

Business

New German Finance Minister Says 'No Time To Lose'

Lars Klingbeil Germany Katherina Reiche Economy European Union Friedrich Merz Robert Habeck Europe United States

New German Finance Minister Lars Klingbeil faces a tough task to revive Europe's top economy (Credit: AFP)

Germany's new Finance Minister Lars Klingbeil said Wednesday there was "no time to lose" to jump-start Europe's beleaguered top economy, even as hardline US trade policies complicate his task.

Klingbeil of the centre-left Social Democrats (SPD), the junior partners in Chancellor Friedrich Merz's coalition, inherits an economy that has been mired in recession for the past two years.

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