Bundestag approves 'Frühstartrente': state pays €10/month per child from age six

The German Bundestag has approved the 'Frühstartrente', a new state-funded pension component that will pay €10 per month for each child starting at age six. The measure aims to build long-term retirement savings for children, but its long-term fiscal impact and investment structure remain unclear. This marks a notable expansion of Germany's welfare state, though its immediate market impact is limited.