Germany’s failing economy - going well then STP?4 Dec 2024 13:08
Germany's struggling economy needs urgent action to boost its competitiveness, Deutsche Bank's CEO said on Wednesday, calling for structural reforms, less regulation and lower taxes on companies.
"Germany needs to adjust its business model," Christian Sewing told the FT Global Banking Summit in London. "It is urgent we take action," he said, flagging the likelihood of further job losses in Germany's auto industry and adding that February's snap election would provide the opportunity for a reset.
The German economy has been dogged by intensifying competition from abroad, weak demand and an industrial slowdown.
Labour - Euroland not doing so well from the power house now STP. The writing is on the wall, the EU is in decline and failure is coming. You keep stuffing the popcorn STP.