Frankfurt, Germany (AP) – German companies have been frustrated by government inaction Stagné economy.
Sunday national election raises the hope of a bipartite stable coalition of conservatives and center-left democrats, with Leader of Center-Droit Friedrich Merz As a chancellor. But will it take the rapid action Business managers call?
Here is what leading economists and companies in Germany say:
Christian Klein, CEO of the SAP company software manufacturer
“The fight against key problems, such as too much regulation, lack of digitization and slow economy, requires daring action.
“Germany needs a government open to more innovation, a competitive state of mind and the abolition of excessive regulations that stifles progress and growth – and it needs it now.”
Luxury Automaker BMW AG
“We expect from the future federal government that this quickly approaches, in a global and sustainable way of the commercial environment for German industry facing global competition. This includes a competitive tax policy, the pragmatic reduction of bureaucracy and regulations as well as a change in competitive policy and focused on EU levels. »»
Peter Adrian, CEO of the real estate company TRIWO AG and president of the German Industry and Commerce Chamber
“The high participation rate (82.5%) shows that it is not only the business world that feels the enormous importance of the decisions that await us. A change of direction is late. »»
Carsten Brzeski, Global Macro chief in ING Bank.
The new government must “focus on leaving the economy of its structural stagnation … If the main motivation for such a coalition is to prevent AFD (far right) from winning the next elections – a scenario scenario Probable if the next government is not “I succeed.
Thorsten Groeger, head of the IG Metall Industrial Union in the regions of Lower Saxony and Saxony Anhalt
“The time is urgent, because more and more companies are cutting jobs and deciding to invest in our location here at home. Billions must move to energy security, modern streets and rail lines, high -speed networks, innovative technologies, strong education, affordable housing and a welfare state that leaves no one behind. »»
Peter Leibinger, Head of the Federation of German Industries
“The parties must now prove that they have understood the severity of the situation and are ready to act with courage, quickly and together: the dangerous descending spiral of missing investment and weak growth must be stopped.”
Holger Schmieding, chief economist Berenberg Bank
“Now for the bad news. The populist parties of political fringes (AFD and the left on the left) collected more than a third of the seats together. Populists can thus oppose his veto with any relaxation of the debt brake devoted in the Constitution. At a time when it is crucial to raise expenses to soldiers and Ukraine and to mitigate the tax burden for workers and businesses, Germany can find it difficult to find the tax space to do so. »»