Overview

• A coalition of around 100 business associations has issued a statement urging Union and SPD to prioritize bold economic reforms in their ongoing negotiations.
• The associations criticized the interim results of the coalition talks as insufficient to address Germany's deepening economic crisis.
• Key demands include reducing corporate tax rates from 30% to a maximum of 25% to enhance international competitiveness.
• The groups also called for reforms to social security systems, reductions in bureaucratic burdens, and measures to lower high energy costs, which are straining businesses.
• The associations warned that without swift and decisive action, Germany's economic downturn could become unsustainable in the coming years.