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New German finance minister says 'no time to lose'

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 also said that he would speak with European finance ministers Wednesday and that a key challenge would be finding ways of boosting investment using EU institutions.
The new German Finance Minister, Christian Lindner, has emphasized the urgency of addressing Germany's economic challenges, stating there is "no time to lose." Appointed on December 8, 2021, Lindner, who leads the Free Democratic Party (FDP), is part of a new three-party coalition government that also includes the Social Democrats (SPD) and the Greens. His immediate priorities include managing the country's debt, which has risen due to the economic impacts of the COVID-19 pandemic, and implementing the coalition's ambitious plans for modernizing Germany's infrastructure and transitioning to a greener economy. Lindner's approach is expected to balance fiscal responsibility with the need for investment in key areas, reflecting the FDP's pro-business stance while navigating the diverse interests within the coalition.

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