It's a fascinating moment for the German economy.
A new government is in place and Germany plans to dramatically increase its spending on defense.
Meanwhile,
U.S. tariffs could have a significant impact on the world's third largest exporter.
So, what's ahead for Germany,
and how are investors and business leaders making sense of this historic moment?
I'm Alison Nathan, and this is Goldman Sachs Exchanges.
Today, I'm sitting down with Wolfgang Fink,
the head of Goldman Sachs' Germany and Austria businesses.
Wolfgang, thanks for joining us today.
Great to see you again, Alison.
It's very nice to have you, actually, in New York the last time we did this.
I think you were in Europe and I was here, so it's great to have you in person.
So, Wolfgang, as I just said...
Our listeners may be aware that there is a new German government.
It's been in place for a month or so.
What has that meant for the business environment?
Well, I think the government that is now in place and actively working is quite a change.
They call themselves a working coalition, and they want to tackle many of the problems.
some more structural long-term, some more short-term, that the country faces.