In a bold move, German Finance Minister Christian Lindner has unveiled a new policy paper advocating for a significant shift in the country's economic strategy.

The paper, titled "Wirtschaftswende Deutschland," calls for the complete abolition of the solidarity surcharge for high earners and an immediate halt to new regulations.

This proposal comes amid ongoing debates within the coalition government about the direction of economic and financial policies.

Lindner argues that a fundamental reorientation of economic policy is necessary to restore confidence among businesses and households, as Germany faces a growth crisis.

The timing of this paper is critical, as it counters recent proposals by Economic Minister Robert Habeck for a debt-financed state fund to boost corporate investments, which the FDP opposes.

Chancellor Olaf Scholz aims to finalize an industrial pact by Christmas, following a series of meetings with industry stakeholders.