Tegernsee, Germany – Top German managers, economists and politicians descended to a small, picturesque Bavarian Town, located next to the iconic Tegernsee Lake Week to share their hope and discuss what is at stake for the new government.
Stung by recent positive market sentiment for the European Larganst Economy, attendees were united at the top in Esir call for the new administration to perform and to honor campaign blows. Any missteps would probably not be tolerated, whereby business leaders who warn that the government cannot allow itself to be ‘lazy summer’.
Leave rain and low hanging clouds to a sumwat three-way background to the event, which is called the “Davos of Germany”, the promise of new beginning, the top and the atmosphere zoomed with excitement for potential changes the New Sappe Fount Friedrich Merz could initiate.
The view over the Tegernsee from the Ludwig Erhard -Top
Sophie Kiderlin, CNBC
Great expectations for the government were commonplace, with concern about the German risen economy and recent polyical unrest that apparently had disappeared into the background.
The German Dax index has currently risen more than 18% since the beginning of this year, and has often become record highs in recent months. The German economy has been in a stagnation area for more than two years, with tensions about economic, public prosecutor and budget policy in the previous ruling coalition and its ultimate aparts that remains of expectations.
“There are now a lot of hope for the new government,” said Patrick Trutwein, Chief Risk offer and Chief Operating Action at the IKB Deutsche Industriebank AG, Modered by CNBC’s Annette Weisbach during the panel.
He said that he felt positive about the future of Germany, given the announcement of the most important tax package laid down in the Constitution of Germany, as well as further potential reforms that lie for us and “an economy that is robust and can build on songs … productivity and competencies.”
Matthias Feelkel, CEO of Boerse Stuttgart Group, felt hopeful.
“If we look ahead and if they are [the new government] Do the right one, I am optimistic, “he told CNBC.
Audi CEO Gernot Döllner meanwhile said in a chat of Fireeside that he was hopeful that the new government would “send a boost to the German economy.”
The mood was also cheerful in the automotive sector of Germany, which has long been with competition from China, pressure from transition to electric vehicles and was recently hit by American American rates.
“The Germans are back”, Hildegard Müller, president of the German Association of the Car Industry, Toll CNBC’s Weisbach Friday. “We are competitive,” she added.
A lecture on the Ludwig Erhard -Top.
Sophie Kiderlin, CNBC
But in the midst of the positive buzz, it was clear that observers even keep an eye on the government.
“This new government in Germany cannot allow itself to leave a political lazy summer, I am sorry, they have to work and they have to work hard,” said Karl-Theodor Zu Guttenberg, chairman of Spitzberg Partners and former German politician.
Or such as Veronika Grimm, member of the German Council of Economic Experts, told CNBC: “Much lies for the government.”
Everywhere the message was clear: Germany must work together.
Alexander Horn, general manager of Eli LillyThe German arm of Germany – Lilly Germany – said that the company strongly welcomes the goals of the new government, but will not tolerate reservations.
“In particular, we expect that the explanations of ants that are in the coalition agreement will be implemented quickly, speed will play a huge role,” he said during the panel, according to a CNBC translation.
Feelkel van Bors Stuttgart Group indicated that his optimism was dependent on the government and said that he was looking for movements in the direction of “less bureaucracy, less anti-growth regulation, more innovation and private reinforcing investments.”
The newly beaten German government has set itself a lot of these points as policy goals, so that promises can stimulate the economy of the country, reduces bureaucracy and enhances innovation and investments during the election campaign and in its coalition agreement.
“This country needs an economic turarund. After two years of recessions, the earlier government had to announce again [a] Zero Groeijaar for 2025 and we really have to work on this, “the German economy Katherina Reiche told CNBC on the sidelines of the top.
