Germany's Economic Council Loses Key Voice Amid Policy Clash
Ulrike Malmendier will not continue as a member of Germany's Council of Economic Experts. Her term was set to expire, but concerns over her economic stance led to the decision. The move has sparked debate between political parties over the council's future direction.
Malmendier, a former president of the council, had pushed for policies that broke from its usual free-market approach. These included proposals like an energy solidarity tax and stricter inheritance taxes. The CDU, which controls the economy ministry and chancellor's office, reportedly blocked her extension over these positions.
The Social Democratic Party (SPD) criticised the decision, calling Malmendier an 'outstanding international economist' with a strong reputation. SPD deputy leader Armand Zorn accused the CDU of turning the council into a political battleground.
As a replacement, the CDU prefers Austrian trade economist Gabriel Felbermayr, though his willingness to accept the role remains uncertain. Other candidates under consideration include economists Nicola Fuchs-Schündeln and Silke Übelmesser.
The decision leaves the council's future composition uncertain. Malmendier's departure reflects broader disagreements over economic policy direction. The next appointment will likely shape the council's stance in the coming years.
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