Expert criticizes Habeck's industrial strategy as a declaration of economic bankruptcy

Expert criticizes Habeck's industrial strategy as a declaration of economic bankruptcy

According to a report by www.tagesspiegel.de,
The Union views the industrial strategy of Economics Minister Robert Habeck (Greens) critically. They describe it as a declaration of economic bankruptcy. According to Alexander Dobrindt, CSU regional group leader, the proposals do not contain any statements about competitive corporate taxes, expanding the energy supply or reducing bureaucracy.

According to the minister, Habeck's plans provide for tax incentives for investments and relief for the economy amounting to 50 billion euros over the next four years. In addition, a reduced industrial electricity price and other measures to strengthen German industry are to be implemented. However, Habeck's strategy paper is not coordinated with Finance Minister Christian Lindner (FDP), which indicates unpredictability in the coalition.

The criticism from the Union and the disunity in the coalition could lead to uncertainty in the economy and the financial markets. Investors and companies could be unsettled by the lack of definition and coordination of measures, which could lead to wait-and-see behavior and a lower willingness to invest. In addition, the uncertainty and lack of clarity could also have a negative impact on the stock market and the financial industry, as investors and institutional investors may hesitate to invest amid political discord and criticism. These factors could slow down economic development overall and lead to a negative investment climate.