The desolate situation of the regional economy urgently requires political measures to strengthen Germany's international competitiveness.
According to a report by www.deutschlandfunk.de, the chambers of commerce and industry in East Germany are sharply criticizing the federal government. The chambers complain about a desolate picture of the regional economy and a worsening permanent crisis mode. The presidents of the chambers complain that economic interests are not sufficiently integrated into the political process and that there are too many incentives not to have to work. In addition, too little is being done about the bureaucracy in the country, which is endangering Germany's international competitiveness. With regard to the upcoming state elections in Saxony, Thuringia and Brandenburg, the authors of the letter call for a fundamental change of course and emphasize that a fact-oriented and coordinated policy is the best...

The desolate situation of the regional economy urgently requires political measures to strengthen Germany's international competitiveness.
According to a report by www.deutschlandfunk.de, the chambers of commerce and industry in East Germany are sharply criticizing the federal government. The chambers complain about a desolate picture of the regional economy and a worsening permanent crisis mode. The presidents of the chambers complain that economic interests are not sufficiently integrated into the political process and that there are too many incentives not to have to work. In addition, too little is being done about the bureaucracy in the country, which is endangering Germany's international competitiveness.
With regard to the upcoming state elections in Saxony, Thuringia and Brandenburg, the authors of the letter call for a fundamental change of course and emphasize that fact-oriented and coordinated politics are the best means against right-wing populism.
The criticism of the federal government by the chambers of commerce and industry in East Germany should not be underestimated. If the situation in the regional economy is actually as dire as described by the chambers, this could have serious effects on the labor market and Germany's competitiveness. A worsening permanent crisis mode could lead to increased unemployment and economic instability. In addition, the lack of integration of economic interests into the political process could lead to a lack of investment in the region in the long term. All of this would further weaken Germany's international competitiveness.
The upcoming state elections in Saxony, Thuringia and Brandenburg could signal a possible political change in the region, which could impact economic development. A fact-oriented and coordinated policy, as demanded by the chambers, could potentially allay the concerns of business representatives and help stabilize the situation. However, it remains to be seen whether political decision-makers will take into account the demands of the Chambers of Commerce and Industry.
Read the source article at www.deutschlandfunk.de