Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
German Chancellor Friedrich Merz (CDU) gives the press at the Willard Hotel.
Kay Nietfeld/Dpa | Drawing alliance Gets the image
The new German government has been working in power for just over 100 days, and business executives say it is time to turn the promise policy into reality.
Chancellor Friedrich Merz campaigned on the Pro-Business platform and about economic growth, promise of reform and investment It caused hope in the business community. Optimism was even more elevated when the coalition talks between the Christian Democratic Union, as well as its Selo Party by the Christian Social Union and the Social Democratic Party, caused A. Basic Financial Shift This is set to provide higher protection and infrastructure costs.
According to business executives who talked to CNBC on CNBC, CDU, CSU and SPD form a German coalition government, and a sense of enthusiasm for business persists when the coalition political term has begun in recent weeks.
“We, as you have heard earlier, at least 10, and maybe 20 years of weak political decisions, are very ideologically managed, not business, not society, and it seems that the new government is in other direction,” Thomas Schultz, CEO Car thumbsaid earlier this month.
Elsewhere, the CEO of the Allianz Financial Services Oliver BATE welcomed the new government’s approach to a serious perception of competitiveness, and Mertz repeatedly pledged to return the German branch to repel the global leadership.
“I can only applaud them for taking it seriously to also mobilize the financial reserves to put an unprecedented investment program, as well as finish almost two decades of sluggish investment in infrastructure, under investment in the military, defense (and) according to investment,” he said.
Leading German business in July announced Their own initiative in order to increase the interest and confidence of investors. By 2028, the group, which consisted of 61 companies, plans to collectively invest 631 billion euros (737.4 billion).
“This is a good signal, and it shows that nowadays there is an alliance between () corporate world and politics, which is very important that it has not been in recent years,” Timotheus Höttges, CEO, CEO of Timotheus Höttges Deutsche Telekom said CNBC.
The tone impressed by business executives is also displayed in recent dataWith the IFO Economic Institute, which reports on the company’s mood improvement over five consecutive months.
Call the action
However, the enterprises also urge the government to act, demanding that the company’s promises turn into reality.
Bäte Allianz said CNBC that while the government’s attitude was a good news, “delivery” is now coming, and Schultz billfinger noted that “at the moment there is only a lip service in many fields, with very good ideas, but we must come to fulfillment.”
Economists surveyed In issues of IFO policy and German information organization Frankfurter Allgemeine Zeitung also noted the lack of measures that have been implemented so far during the deadline.
“30% of economists involved evaluate the measures of economic policy of the new German government in the first 100 days as” rather negative “, and another 12% even estimate them as” very negative “, – the survey showed.
Participants negatively emphasized that “the lack of efforts to reform in the field of social insurance systems. In addition, they see the lack of clear stimulation for further structural reforms, reduced bureaucracy and progress in climate protection,” the statement said.
Business executives had a wide list of wishes to share with CNBC.
Roland Bush, CEO Tech Conglomerate SiemensHe was among those who called for structural reforms. Some of which included “digitization, faster decision -making processes, less bureaucracy, work (on) our energy transformation” and changes in the labor market.
Leaders also provoked the needs for business, with Höttges Deutsche Telekom that the company could be supported by the local authorities and the federal government when building infrastructure.
Many of these issues were also indicated by leaders as the causes of economic weakness in recent years. Germany’s economy has signed a contract in 2023 and 2024. Europe’s largest economy has recorded gross domestic product growth by 0.3% in Then followed on 0.1% contraction In the next period, according to the data, in the second quarter.
“In Germany, we are not growing as a country over the last two years, and this is the reasons. It is about bureaucracy, it is about education, and about safety, about energy prices, and in this context, being competitive on the world scale,” said Henkel CEO.
“But we need to turn this country from a non -growing country,” he said.
