Companies seek predictable policies and quick government actions
Monika Schnitzer, the chairwoman of the Expert Council on the Economy, has urged the federal government to accelerate approvals and shorten planning procedures as crucial measures for economic growth. In an interview published in the Tuesday edition of the "Rheinische Post", Schnitzer expressed her belief that these measures are essential for attracting investments and promoting positive growth figures.
Schnitzer did not specify the concrete measures she expects from the federal government, but she emphasized the importance of clear signals and support from the government for companies. She stated that companies rely on investments to present positive growth figures and that the declaration of intent by companies is a positive signal that they fundamentally believe in the location of Germany.
The interview with Schnitzer came before her meeting with Federal Chancellor Friedrich Merz and leading representatives of the economy and the business initiative "Made for Germany". During this meeting, Merz reiterated the need for reforms in labor market, economic policy, and approval procedures to improve Germany's attractiveness for investments. He also emphasized the importance of cooperation between politics and the economy for economic growth.
Schnitzer believes that companies will convey these demands to Chancellor Merz in their conversation. She emphasized that while the planned declaration of intent by companies is positive, concrete measures must follow. She reiterated that the cooperation between politics and the economy is essential for economic growth and that the federal government must provide planning security and financial support for companies' projects.
In conclusion, Schnitzer's statements highlight the need for the federal government to take action in accelerating approvals and planning procedures to promote economic growth. The cooperation between politics and the economy is crucial for attracting investments and presenting positive growth figures, and the federal government must provide clear signals and support to companies to achieve this goal.
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