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flag Lars Klingbeil, a SPD veteran, becomes Germany's new vice chancellor and finance minister amid economic challenges.

flag Lars Klingbeil, a 47-year-old veteran of Germany's Social Democratic Party (SPD), has been named the next vice chancellor and finance minister in the incoming centrist coalition government. flag Klingbeil, who lacks extensive fiscal experience, will replace Joerg Kukies. flag The coalition faces challenges including a stagnant economy, infrastructure issues, and trade tensions with the U.S. Klingbeil supports raising the minimum wage, reforming pension policy, and strengthening the military.

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