BERLIN (Reuters) – German Chancellor Olaf Scholz promised on Tuesday to work with business to revive development in Europe’s greatest economic system, which he mentioned had been hit tougher than others by geopolitical conflicts, inflation and excessive rates of interest.
To spice up development, his authorities was working to scale back paperwork, strengthen funding and create inexpensive, sustainable vitality, Scholz mentioned, including that Germany additionally wanted extra expert employees.
“Inflation, rising rates of interest, geopolitical conflicts, strained provide chains – as an industrialised and export-oriented nation, we’ve been hit tougher than others,” Scholz mentioned at a convention of the BDA employers’ affiliation.
“We want extra development. The pie has to get greater once more,” he mentioned.
The chancellor additionally careworn the significance of bringing extra expert employees into the job market, together with from overseas, and creating extra flexibility with working hours and the pension age.
Scholz additionally mentioned his authorities wished to strengthen Germany as a monetary centre, including it could be a vital process for the European Fee to finish the capital market union.
