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Business calls for rapid action against deindustrialization
"German economy in crisis: Entrepreneurs warn of deindustrialization and criticize traffic light coalition. Read more about the economic challenges for Germany."
Business calls for rapid action against deindustrialization
The German economy is currently in a serious crisis, which is characterized by many unresolved problems such as the energy transition, the reduction in bureaucracy and the shortage of skilled workers. Business representatives are increasingly frustrated by the paralyzing effect of the current traffic light coalition and are calling for decisive measures to strengthen Germany as a business location. Threatening symptoms of deindustrialization are already emerging, with many companies opting out of Germany, which could lead to a loss of wealth.
Daniel Hager, chairman of the Hager Group supervisory board, warns of the long-term consequences of deindustrialization and criticizes the increasing obstacles for companies to invest in Germany. He emphasizes the importance of competitive energy costs and attractive investment conditions for maintaining prosperity. The employers' association Gesamtmetall and the trade union IG Metall are also calling on the federal government to take measures such as accelerated infrastructure expansion, faster approval procedures and a long-term raw materials strategy.
The biggest concern for the German economy at the moment is the high cost of energy, particularly in the area of green energy. According to experts, there is a lack of a clear political plan to retain companies in the long term and promote the industry. Daniel Hager criticizes the current government and emphasizes that the last chancellor with a clear industrial policy plan was Gerhard Schröder. The entrepreneur emphasizes that the current government's decisions, such as stopping Russian oil and gas deliveries and switching off nuclear power, are damaging the German economy more than the Russian economy.
The German Chamber of Commerce and Industry (DIHK) supports the demands for internationally competitive energy prices and emphasizes the dependence of German companies on a secure energy supply. Electricity prices in Germany are still significantly higher compared to other countries, although they fell last year. In order to maintain competitiveness, cheap and green electricity is of central importance. Daniel Hager shows little trust in the current traffic light coalition and expects a new government, even if he is skeptical whether it will offer a better solution.