It was supposed to be a major breakthrough, but the second pension package only cements the “business as usual” approach. Other countries are showing how things can be done better.
Maybe we should just lower our expectations, including those of politicians. Then we would be better able to live with the results. This week the coalition has finally agreed on its pension reform package, and SPD Labor Minister Hubertus Heil is proudly calling it a reform of the century. But this package actually reforms nothing at all. On the contrary: thanks to this package, politicians can carry on as before without making any real changes that are actually necessary.
Source: Stern
