Chancellor Friedrich Merz is meeting with top executives in Berlin, aiming to stimulate investment in the struggling economy following two years of recession. Around 30 companies, including Siemens and Deutsche Bank, will present initiatives under the 'Made for Germany' campaign. The government has approved substantial tax relief and a 500-billion dollar fund for infrastructure and climate projects. However, authorities recognize that public funding alone will not resolve the economic downturn. Meanwhile, the bond market is stabilizing ahead of significant Eurozone economic data and decisions from the European Central Bank.
Chancellor Merz is meeting top executives in Berlin to urge bosses to invest and breathe life into a floundering economy. Merz's government promises to kick-start the economy.
Around 30 companies including major players like Siemens and Deutsche Bank are expected to present projects under the "Made for Germany" initiative to restore economic confidence.
The German government has approved billions in tax relief and established a 500-billion ($580 billion) fund for infrastructure and climate, but acknowledges that public funds alone are insufficient.
Germany's bond market calmed slightly on Monday after weeks of rising long-term interest rates, with investors awaiting new economic data from the Eurozone and the European Central Bank's decision.
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