In an incendiary letter to Chancellor Olaf Scholz (SPD), the main German business associations called for reforms for an economic awakening in Germany. “Frustration and uncertainty are increasing in many companies,” says the letter, which the German Press Agency had access to on Tuesday. “Wirtschaftswoche” had already reported on this previously.
Business associations demand a “strong exit signal” from Scholz
“We are observing with great concern the political, social and economic developments that our country is currently experiencing,” the letter says. Germany is becoming less and less attractive as a location. The relocation of industrial production abroad is increasing. “But if there is no investment in this country and small and medium-sized businesses shrink, the transformation towards climate neutrality cannot be successful.”
With a “strong exit signal” and long-term, reliable, business-friendly framework conditions, policymakers can and should build more trust among businesses and build trust for a successful transformation. The federal government must take measures that promote economic recovery.
Specifically, the associations are calling for, for example, faster planning and approval procedures, a “liberation blow” from bureaucracy, tax reform, a “stop sign” on social security contributions and pension reforms. .
The letter comes from the presidents of the Federal Association of German Employers' Associations, the Federal Association of German Industry, the German Chamber of Commerce and Industry and the Central Association of German Craftsmen.
Get informed, understand, make the right decisionsHere you can get general information about current financial news. Every Friday as a newsletter.
*Fields marked with an * are required