According to Rainer Dulger, president of the German Employers' Association, the German business community now views the policies of the CDU-SPD federal government more negatively than it did during the previous “traffic light” coalition. “I haven't seen this much disappointment among employers regarding the work of a federal government in a long time,” Dulger told the “Augsburger Allgemeine” (Saturday edition). “This disappointment runs deep and continues to grow.”
The head of the Confederation of German Employers' Associations warned of increasing business relocations abroad. "Company owners are coming to the realization that they can no longer operate profitably in Germany," Dulger said. "Their products remain competitive worldwide, but the production conditions in Germany are no longer viable."
While employees in Germany perform good work, the Employers' Association chief noted, "What no longer functions are costs, regulation, and the pace of business in Germany." The problems are largely self-inflicted, he emphasized.
"The German special path of high social security contributions, massive bureaucracy, and expensive energy significantly weaken the competitiveness of our country," Dulger outlined in the Augsburger Allgemeine. For the German economy, it is already five minutes past twelve. In this respect, it is "highly problematic that the coalition has so far failed to achieve majorities for comprehensive reforms."
"We cannot afford another year of waiting," Dulger warned. This would be "an economic policy nightmare." "Business owners who hoped for reforms from the new government after the collapse of the traffic light coalition have been disappointed and frustrated for quite some time," the Employers' Association chief stated, warning:
"With every day that the federal government delays genuine reforms and sticks with this small-scale strategy, the disappointment only grows larger."
From breaking news to thought-provoking opinion pieces, our newsletter keeps you informed & engaged.
