German business leaders say new government must act quickly to rescue stagnant economy [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
stagnating economy. Sunday's national election raises hopes of a stable two-party coalition of conservatives and center-left Social Democrats, with center-right leader Friedrich Merz as chancellor. But will it take the swift action business leaders are calling for? Here's what leading economists and business figures in Germany are saying: Christian Klein, CEO of business software maker SAP SE “Tackling key issues, such as too much regulation, a lack of digitalization, and a slow economy, requires bold action. "Germany needs a government that is open to more innovation, a competitive mindset, and removing excessive regulation that stifles progress and growth – and it needs it now.” Luxury automaker BMW AG “We expect from the future federal government that it quickly, comprehensively and sustainable improves the business environment for German industry facing global competition. That includes a competitive tax policy, the pragmatic reduction of bureaucracy and regulation
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