German economists are dissatisfied with the government's economic policy

Almost half of German economists are dissatisfied with the government's economic policy. The Ifo Economic Institute informed about it on Tuesday. 27 percent are "relatively dissatisfied" with the government's action during the coronavirus pandemic, with another 20 percent expressing "great dissatisfaction." This follows a survey of professors of economics at German universities conducted by the Munich Institute in collaboration with the Frankfurter Allgemeine Zeitung (FAZ). 30 percent of respondents were "undecided" and 20 percent of participants were "relatively satisfied". Only two percent of respondents expressed "great satisfaction" with the government's action. A total of 177 economists took part in the survey. "The results of the new economic panel suggest that there is much room for improvement in corona economic policy," said Niklas Potrafke, director of the Center for Public Finance and Political Economy at Ifo. According to the respondents, the government is proceeding too slowly and too strictly without a clear plan for opening up the economy. Help for companies, in turn, is accompanied by too much bureaucracy and the vaccination strategy is still largely failing. Economists have called the intention to pay bonuses to pharmaceutical companies for the accelerated delivery of more vaccines to be the right move. Proponents of this approach argue, among other things, that surcharges on vaccine prices are appropriate compared to the serious social impact of the pandemic.