From annoyance to disbelief: VDMA President criticizes the traffic light coalition and its economic policy

From annoyance to disbelief: VDMA President criticizes the traffic light coalition and its economic policy

According to a report from “www.hna.de”, the Association of German Mechanical and Plant Engineering (VDMA) has sharply criticized the traffic light coalition, particularly because of the excessive bureaucracy that is causing frustration among member companies. According to VDMA President Karl Haeusgen, the approval process for projects in Germany takes far too long and is therefore hampering the economy. He calls for approval and planning processes to be accelerated and decisions to be made more quickly, regardless of the purpose of the project.

The VDMA's criticism of the bureaucracy and the long approval procedures in Germany has potential effects on the market and the financial sector. Companies may be hesitant to invest in new projects due to the long waiting times and associated uncertainty. This, in turn, may lead to a decline in investment and economic growth. In addition, companies may be forced to seek alternative locations with more efficient approval processes, which could lead to job losses and a loss of investment.

The VDMA's criticism of the traffic light coalition and the economic policy orientation is also aimed at the Greens and their Federal Minister of Economics Robert Habeck. The VDMA sees excessive regulation and a lack of trust in market forces and entrepreneurial freedom. This attitude can have an impact on the political decisions and policies that influence the financial industry. For example, more stringent rules and regulations could be introduced for companies, which could lead to higher costs and restrictions on company activities.

The VDMA boss also cites the debate about the heat pump as an example of the state's commitment to a particular technology. He argues that politicians should not make the decision for a specific technology, but should set targets such as greenhouse gas emissions. These viewpoints may also have an impact on the energy industry and the renewable energy market. If politicians choose a certain technology and ban other technologies, this could lead to a slowdown in innovation and the development of new technologies.

Overall, the VDMA's criticisms of the traffic light coalition and economic policy are relevant for the market and the financial sector. The long approval processes and bureaucracy can hinder investment and inhibit economic development. The stance of the Green Party and other parties on regulation and the choice of certain technologies can lead to changes in the political environment that can influence the financial industry and various sectors of the economy.

Source:
According to a report by www.hna.de