Vice President of the IfW calls for a reduction in bureaucracy and subsidies for the German economy

Vice President of the IfW calls for a reduction in bureaucracy and subsidies for the German economy

According to a report by www.deutschlandfunk.de,

The Institute for the World Economy in Kiel warns of too much bureaucracy, state intervention and subsidies that are hindering the German economy. The vice president and head of economic activity at the IfW, Kooths, emphasizes that a turnaround is necessary for the economy to get back on its feet. He proposes the reduction of regulations, subsidies, taxes and duties as well as incentives for better performance.

However, these measures could have a number of impacts on the market and the financial industry. Reducing regulations and subsidies could lead to greater flexibility for companies. This could lead to an increase in competitiveness and a stimulus for investment. At the same time, a reduction in taxes and duties could increase companies' profit margins and lead to an increase in investments.

However, these measures could also lead to a reduction in government revenues, which could impact government spending and programs. In addition, a reduction in rules and regulations could lead to less control and monitoring of companies, which could increase the risk of market abuse and unethical behavior.

Overall, it is important to carefully analyze the potential impact of these proposed measures in order to promote balanced and sustainable economic growth.