Toronto, Canada. 09th May, 2026. German Finance Minister Lars Klingbeil (r, SPD) speaks during the "Global Progress Action Summit" at the Fairmont Royal York Hotel on the topic of "Governing for the Middle Class. Putting power back in pocketbooks" (Governing for the middle class. Strengthening purchasing power again). Sitting next to him is his Canadian counterpart Francois-Philippe Champagne. Credit: Soeren Stache/dpa/Alamy Live News

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Toronto, Canada. 09th May, 2026. German Finance Minister Lars Klingbeil (r, SPD) speaks during the
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Toronto, Canada. 09th May, 2026. German Finance Minister Lars Klingbeil (r, SPD) speaks during the "Global Progress Action Summit" at the Fairmont Royal York Hotel on the topic of "Governing for the Middle Class. Putting power back in pocketbooks" (Governing for the middle class. Strengthening purchasing power again). Sitting next to him is his Canadian counterpart Francois-Philippe Champagne. Credit: Soeren Stache/dpa/Alamy Live News

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