Top German economic experts have come up with an idea to help boost financial markets in a traditionally risk-averse country — give out small sums to kids to make their first investments.
The Council of Economic Experts, an influential, independent academic body, said there was a lack of venture capital in Germany, which was indispensable for long-term growth and strengthening new investments.
They suggested integrating financial education better into the school system in Europe's biggest economy, and introducing a scheme to help youngsters take their first steps into the markets.
This would involve the government providing every child, from the age of six up until they are 18, with 10 euros a month in the form of a share in a fund, the experts said, in their annual report.
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