German Economic Groups Warn Coalition Policies Could Deepen Crisis
Over 60 economic associations urge CDU, CSU, and SPD leaders to prioritize growth reforms as coalition negotiations near conclusion.
- A coalition agreement between CDU, CSU, and SPD is expected imminently, but proposed policies face sharp criticism from economic leaders.
- More than 60 economic associations argue that measures like a €15 minimum wage and expanded pension benefits will hinder economic recovery.
- The groups demand tax cuts, reduced bureaucracy, lower social contributions, and competitive energy prices to attract investment and retain skilled workers.
- Germany's GDP has contracted for two consecutive years, marking its longest economic stagnation since World War II.
- Critics warn that reliance on large-scale debt packages, such as a proposed €500 billion investment plan, is insufficient to resolve structural economic challenges.