German business leaders tell the new government: It is time to deliver

Tegernsee, Germany – senior German, economists and politicians descended into a small Bavarian city located next to the famous Tegernsee Lake last week to exchange their hopes and discuss what is at stake to the new government.

Supported by the modern Positive market morale For the largest economy in Europe, those present at the summit were unified in their call to the new administration to intensify the campaign’s promises. It is possible that no mistakes are not tolerated, as some business leaders warn that the government cannot allow itself “lazy summer”.

Despite the low rain and suspended clouds that provide a fairly bleak background for this event, which was called “Davos Germany”, the promise of the new beginnings led to the summit and the atmosphere raised the interest in the possible changes that the newly designated Faridrich Mirz could start.

The great expectations of the government were common, with concerns about the faltering economy in Germany and the recent political turmoil that faded on the background.

The German DAX index has now increased more than 18 % since the beginning of this year, as it has reached record levels in recent months. However, the German economy was in the recession area for more than two years until now, with Tensions On economic, financial and budget policy in the former ruling coalition and policy in the end Separate Continue the weight of expectations.

Patrick Trotoin, chief risk official and chief operating officer at IKB Deutsche Industriebank Ag, said during a committee managed by Annette Wesbach from IKB Deutsche Industriebank AG, during a committee managed by Annette Western From CNBC.

He said he was feeling positive towards the future of Germany, given the announcement of the main financial package devoted to the constitution of Germany, in addition to more possible reforms forward and “a very strong economy and can depend on productivity and competencies.”

Matthias Volekal, CEO of the Boerse Stuttgart Group, was among those who feel hope.

“If we look forward and if they do (the new government) the right thing, I am optimistic,” CNBC told CNBC.

Meanwhile, the CEO of Audi Genot Dölner said in Fireside conversation that he had been hoping that “the new government would” send a motive to the German economy.

The mood was also optimistic in the automotive sector in Germany, which has long been struggling with competition from China, and pressure from the transition to electric cars and was recently infected with American definitions.

“The Germans have returned.” “We are competitors,” she added.

But in the midst of the positive bowl, it was clear that observers were closely watching governments in every step.

“This new government in Germany cannot allow itself a lazy political summer, I am sorry, they have to work and have to work hard,” said Karl Theodor Zu Gutnburg, Chairman of the Sepzberg Board of Directors, and former German politician.

Or, as Veronica Greem, a member of the German Council of Economic Experts, told CNBC: “Many lies in the ruling.”

The message was clear: Germany needs to collect its business together.

Alexander Horn, General Manager of Eli LilyGermany – Lily Germany – said that the company welcomes the goals of the new government, but it will not tolerate any warnings.

He said during a committee, according to the translation of CNBC: “Specifically, we expect the intentions in the coalition agreement quickly, as the speed plays a very big role.”

Voelkel of Boerse Stuttgart Group pointed out that his optimism depends on the work of the government, saying that he was looking for movements towards “less bureaucracy, less organization to combat growth, more innovation, and enhance investment in particular.”

The newly populated German government has set many of these points as goals of politics, prompting promises to strengthen the economy in the country, reduce bureaucracy and increase innovation and investment during the election campaign and in the coalition agreement.

“This country needs an economic shift. After two years of recession, the previous government had to announce again (A) a year of zero growth for the year 2025 and we have to work on this,” German Economy Minister Catherina Rish Tell CNBC on the sidelines of the summit.