Scholz Aims for Industrial Pact Before Year-End

Chancellor Olaf Scholz plans to finalize outcomes from industrial summits by mid-December amid economic challenges.

Chancellor Olaf Scholz has initiated a series of industrial summits to address the ongoing economic crisis in Germany.
The first summit included representatives from industry associations, unions, and major companies, with subsequent meetings planned.
Scholz aims to establish a 'Pact for the Industry' with results expected by mid-December, following the federal budget decision on November 29.
The federal budget's approval is crucial for the continuity of the current coalition government.
Key coalition partners were not invited to the summits, prompting separate initiatives from the Green Party and FDP.