Holger Zschaepitz(@Schuldensuehner):Good Morning from Germany, where the reform hammer is finally swinging: govt agreed on one of the biggest reform packages in decades – €10bn tax relief, pension overhaul, more flexible labour laws & less red tape. Investors barely noticed, but the Germany story is getting real. German index ETFs saw net outflows in Q2.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

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Holger Zschaepitz@Schuldensuehner

2026.07.02 14:54

Good Morning from Germany, where the reform hammer is finally swinging: govt agreed on one of the biggest reform packages in decades – €10bn tax relief, pension overhaul, more flexible labour laws & less red tape. Investors barely noticed, but the Germany story is getting real. German index ETFs saw net outflows in Q2.