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Germany: Industry Federation criticizes the government

BDI president, 'current economic policy harms businesses'

04 June, 11:49
(ANSA) - BERLIN, JUNE 4 - The Federation of German Industries harshly criticized the economic policy of the government led by Chancellor Merkel. "It harms businesses," said the Bundesverband der Deutschen Industrie (BDI) president Dieter Kempf, speaking at the Industry Day. According to Kempf, the big coalition, which is facing a crisis due to the SPD in trouble, thinks about small-scale social policies and an unhealthy level of redistribution. "A large number of companies has lost confidence in the government", said Kempf, urging the coalition to put aside the internal disagreements of the coalition because "the economic situation can prove difficult to manage and we are facing great uncertainties, mainly due to commercial conflicts like the one between USA and China". Then the president pointed the finger at the "high tax burden on companies, which must endure the highest energy prices in Europe". (ANSA).

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