Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Tegernsee, Germany – the best German business leaders, economists and politicians have descended on a small, colorful Bavarian city, located near the iconic Lake Tehrs last week to share their hopes and discuss what the new government is.
Purchased recently Positive moods on the market For the largest economy in Europe, participants at the summit called for the new administration to activate and honor the company’s promises. Any mistakes are likely to be not allowed, and some business executives warn that the government cannot afford “lazy summer”.
Despite the rain and low suspension clouds that provide a few sad background for this event called “Germany”, the promise of the new beginnings was enveloped by the summit, and the atmosphere buzzed with the excitement for the potential that change the newly appointed Chancellor Friedrich.
View through Tehers from the Ludwig Erhard summit
Sophie Kedelli, CNBC
The government’s great expectations were commonplace, with concern over the German struggle and recent political turmoil, it would seem that they faded into the background.
The DAX German Index has now increased by 18% since the beginning of this year, often killing high highs in recent months. However, the German economy has been in stagnation for more than two years, with tension over the economic, financial and budget policy in the previous ruling coalition and its possible disintegrate continuing to weigh the expectations.
“Now the new government has very high hopes,” said Patrick Trutvein, Risk CEO and CEO IKB Deutsche Industriebank AG, said during the Board, which modeled Annette Weisbach CNBC.
He said he feels positive in the future of Germany, taking into account the announcement of the main financial package laid down in the German Constitution, as well as in further potential reforms and “economics that is quite reliable and can build its own … productivity and competence.”
Matthias Folkel, CEO of Boerse Stuttgart Group, was among those who felt hope.
“When we look forward and if they (the new government) do the right thing, I am optimistic,” he said CNBC.
The CEO of Audi Gernot Delner, meanwhile, stated in the chat of Fireside that he hoped the new government “send impetus to the German economy”.
The mood was also optimistic in the German sphere of the automotive sector, which has long fought with China’s competition, pressure from transition to electric cars and recently affected US tariffs.
“The Germans returned,” said Hildgard Mueller, president of the German Automobile Association, Weisbach CNBC said on Friday. “We’re competitive,” she added.
Talk at the Ludwig Erhard summit.
Sophie Kedelli, CNBC
But against the background of the positive noise, it was clear that observers were closely monitoring the governments every step.
“This new government in Germany cannot afford a political laziness summer, sorry, they should work, and they must work,” said Carl-Teodor Gutenberg, chairman Spitzberg Partners and a former German politician.
Or, as Veronica Grimm said, a member of the German Council of Economic Experts, said CNBC: “A lot ahead for the government.”
The message was understood: Germany should collect its act.
Alexander Rog, CEO Eli Lily“Germany ARM – Lily Germany, said the business welcomes the goals of the new government, but will not tolerate any reservation.
“In particular, we expect the declarations on the intentions in the coalition agreement will be realized quickly, the speed plays an extremely big role,” he said during the CNBC.
Voelkel Group Boerse Stuttgart said his optimism relied on the government’s actions, saying he was looking for “less bureaucracy, less regulating, more innovations and especially investing.”
The German government recently minted in many of these points as a policy goals, which promises to increase the country’s economy, reduce bureaucracy and increase innovation and investment during the election campaign and in the coalition agreement.
“This country needs an economic turn. After a two -year recession, the previous government had to announce (a) year of growth for 2025, and we really have to work on it,” – German Economy Minister Catherine Reich He told CNBC on the sidelines of the summit.
