German politician; Vice Chancellor and Finance Minister since May 2025
Since late April 2026, Russia and Ukraine have been exchanging sustained drone and missile attacks that have killed civilians, damaged ports, hospitals and housing, and struck energy infrastructure on both sides. Overnight into 5 May, strikes have hit Ukrainian energy facilities and cities and Ukrainian forces have struck major Russian oil and industrial sites.
Germany has unveiled a broad reform package aimed at boosting growth and competitiveness. The plan includes €10 billion a year in tax relief for lower-income earners, pension system overhauls, tighter sick-leave rules, and reduced bureaucracy. The measures are financed by raising the top tax rate for high earners and seek to sharpen Germany’s economic position amid global competition. The package faces mixed reception from unions and business groups as it moves toward final approvals.