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At €200bn per year, Germany is the European country that spends the most on family aid. But despite this effort, the birth rate continues to decline.

A government study shows that this aid is wasted, explains the weekly, which believes more should be invested in childcare and educational initiatives.

"It would be just as radical a turning point as were the labour market reforms of the Agenda 2010," which took place under the leadership of Social Democratic Chancellor Gerhard Schröder, says the magazine.