Around sixty large German companies announced on Monday that he wanted to invest at least 100 billion euros in Germany in new projects aimed at reliving the country’s growth during a coordinated initiative with the Friedrich Merz government.
The Banking and Industrial Giants Deutsche Bank and Siemens lead this operation called “done in Germany” aimed at promoting the appeal of the first European economy for national and foreign investments after two years of recession and the flagship sectors, such as the car, bogged down in a competitive crisis.
The members of this initiative have promised to invest an over total of 631 billion euros “in the economic growth of Germany by 2028”, including the expenses already known, as well as new projects for at least 100 billion euros, according to a common press release.
“One of the largest investment initiatives of the last decades”
“This commitment attests to strong confidence in Germany’s potential” after the “important investment exits that the country has faced in recent years, which have reached levels of several hundreds of billions of euros,” they underline the participants, including the main names of the Frankfurt Stock Exchange, from Volkswagen to Basf through Zalando and Rhreinmetall.
The recovery of the German economy, which has stagnated for more than seven years, is one of the priorities of the coalition between conservatives and social democrats in power since the beginning of May. The country’s key industries, including automotive, chemical and machines, face high energy costs compared to their foreign competitors, as well as, according to their leaders, a expensive bureaucracy to which the government has promised to attack.
The initiative “made for Germany” says that the reform and investment program of the conservative chancellor, familiar with the financial circles to preside over the German subsidiary of the American active manager Blackrock. Defense and violates defense and violates defense and violates the budget.
Source: BFM TV
