Economist Warns German Pension Reform Fails to Tackle Old-Age Poverty

Economist Sebastian Dullien criticizes the German government's plan to fully adopt the 33 proposals from the pension commission. In an interview with der Freitag, he argues the reform barely addresses old-age poverty while increasing contribution rates and social inequalities. Dullien warns that stronger capital funding creates new risks for employees and retirees, and that the financial industry will push its interests into the process, making the reform costly with questionable long-term prospects.