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Scholz at the Day of German Industry in June 2023
Photo:
Kay Nietfeld/dpa
In an incendiary letter to Chancellor Olaf Scholz (SPD), the leading German business associations called for reforms for an economic awakening in Germany. “Frustration and uncertainty are growing in many companies,” says the letter that SPIEGEL has received and which “Wirtschaftswoche” had previously reported on.
“We are observing the political, social and economic developments in which our country finds itself with great concern,” the letter begins. Germany is becoming less attractive as a location. The relocation of industrial production abroad is increasing. "But if there is no investment in this country and the middle class shrinks, the transformation towards climate neutrality cannot succeed."
With a “strong signal of departure” and long-term, reliable, business-friendly framework conditions, politicians must rebuild more trust among companies and create confidence for a successful transformation, the associations write. “We urgently appeal to you and the entire federal government to take measures now that will promote an economic revival in our country,” it continues.
Specifically, the associations are calling for, among other things, faster planning and approval procedures, a “liberation stroke” in the bureaucracy, a tax reform, a “stop sign” in social security contributions, smooth and easy immigration of skilled workers and pension reforms.
The letter was signed by the presidents of the Federal Association of German Employers' Associations (BDA), the Federal Association of German Industries BDI, the German Chamber of Commerce and Industry (DIHK) and the Central Association of German Crafts (ZDH).
fdi/dpa