Mon. Feb 26th, 2024
Germany’s CDU seeks to take control of the economy early – Euractiv

Germany is facing economic challenges with many companies relocating their production to other countries. In light of this, the German conservatives are urging Chancellor Olaf Scholz to adopt measures to address these problems. One of their main concerns is getting rid of the EU supply chain law known as the corporate sustainability due diligence directive (CSDDD).

The centre-right CDU/CSU is currently leading in the polls and is expected to form the next government. With German elections set for late 2025, they are focused on improving the country’s economic outlook. To do this, CDU leader Friedrich Merz has outlined 12 measures that he believes could help improve Germany’s economic situation in a letter to Chancellor Scholz.

Merz has urged Scholz to cut corporate tax burden by a sixth and cap social security contributions at 40% of gross wages, among other things. He also wants Scholz to abandon his current government partners and rebuild Germany’s “grand coalition” on the issue of migration. These measures have been welcomed by the liberal FDP but met with caution from the Greens and SPD.

The CDU/CSU’s support for these measures has been welcomed by many, but it’s not all that they have proposed. Vice-Chancellor Robert Habeck has proposed a special shadow budget of €1.6 trillion for industry, while Finance Minister Lindner has suggested a “dynamising programme”, which includes slashed corporate taxes and a focus on CO2 pricing. However, no suggestions have yet been presented by the SPD for addressing Germany’s economic woes.

By Editor

Leave a Reply