Germany pushes urgent economic reforms to boost investment

UV Nord calls for more incentives for work and innovations - Germany’s leaders demand bold reforms to revive stagnant economy

Calls for urgent economic reform are growing louder in Germany. Schleswig-Holstein’s Minister-President Daniel Günther has pushed for sweeping changes to cut costs, reduce bureaucracy, and boost investment. Business leaders in northern Germany are also demanding faster action to avoid deeper financial troubles ahead.

Günther stressed the need for a more pragmatic approach in politics and business. He proposed lowering energy costs for companies, overhauling corporate taxes, and slashing red tape. Digitalisation and infrastructure upgrades were also high on his list, alongside reforms to the welfare system to rein in spending.

Philipp Murmann, president of UV Nord, echoed these concerns. He warned that delays in reform would force sharper cuts later. Since 2015, public spending and private investment have been drifting apart, with the gap widening since 2019. Murmann argued that public funds must now trigger private sector growth to reverse this trend.

Both leaders criticised internal party disputes and urged stricter adherence to existing agreements. Murmann called for stronger incentives to attract jobs to northern Germany. He also pushed for more investment in innovation, research, and new technologies to keep the economy competitive.

The pressure for change is mounting, with leaders insisting on faster reforms to avoid future financial strain. Proposals include tax cuts, less bureaucracy, and targeted investments in infrastructure and technology. Without action, the gap between public and private spending is expected to grow wider.