FDP blockade in Brussels: Is the business party risking its credibility? Financial expert Helga Schmidt explains

FDP blockade in Brussels: Is the business party risking its credibility? Financial expert Helga Schmidt explains

According to a report by www.tagesschau.de,

The FDP is criticized for trying, as the smallest coalition partner, to block laws in Brussels and thereby delaying important European policy decisions. This has fatal consequences for Germany's reliability in the EU and for the reputation of German companies in Europe.

For example, the FDP is blocking the supply chain law, which obliges companies of a certain size to ensure human rights and environmental protection for their suppliers abroad. This law is supported by many modern boards because it is important not only ethically but also commercially. The blockade of the FDP creates a competitive disadvantage for German companies as they have to meet the requirements of the German Supply Chain Act, while companies in other countries are spared from this.

This approach by the FDP not only damages Germany's reputation in the EU, but also its own clientele. Companies' competitiveness is weakened, which can ultimately have a negative impact on the financial sector. It is therefore very important that the federal government makes clear guidelines and decisions here in order to limit the damage and restore Germany's reliability in the EU.