DIW: “Courage and speed” are needed when forming a government

Released on 27.09. 2021

  • DIW President Marcel Fratzscher calls for quick reforms from a new government. Photo: Bernd von Jutrczenka

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The new Bundestag has been elected, a long government is emerging. The DIW puts pressure on.

Berlin (dpa) – After the federal elections, the German Institute for Economic Research is calling for a rapid government formation and reforms. The Federal Republic has never been so divided, said DIW President Marcel Fratzscher. “We now need speed and courage in forming a government.”

The new government must quickly decide on climate protection, digitization and “social renewal”. “If you fail to do this, Germany’s economic prosperity will be at stake and Europe will run the risk of falling behind in the systemic competition with China and the USA.” The biggest hurdle for reforms is the preservation of the vested rights, said Fratzscher.

In the election on Sunday, the SPD was the strongest force and wants to appoint Olaf Scholz as Chancellor. The Union also claims to lead the government. Both rely on an alliance with the Greens and the FDP.

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