
How Olaf Scholz won Germany
In a few months, Scholz reversed the social democrats’ decade-long decline, running on a message of dignity and respect for all workers.
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Dalia Marin, professor of international economics at the Technical University of Munich’s School of Management, is a research fellow at the Centre for Economic Policy Research.

In a few months, Scholz reversed the social democrats’ decade-long decline, running on a message of dignity and respect for all workers.

For years, Germany’s ballooning current-account surplus has rankled the rest of the world. It is a result of policies fully within the government’s power to change.