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QUOTES-German business leaders respond to election outcome
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QUOTES-German business leaders respond to election outcome
Feb 23, 2025 11:33 PM

FRANKFURT, Feb 24 (Reuters) - Germany's conservative

CDU/CSU bloc won most votes in Sunday's national election and

could form a government with the Social Democrats (SPD),

allaying market fears that Europe's top economy can only be

ruled by another three-way coalition.

Here are reactions from German business leaders:

SIEMENS ENERGY CEO CHRISTIAN BRUCH:

"Germany must swiftly regain its competitiveness. Actions in

energy policy are crucial for this. The expansion of gas-fired

power plants, the strengthening of wind energy, and the

modernization of electricity grids are essential, as is a secure

supply of raw materials. It is important that the democratic

centrist parties form a stable government as quickly as possible

to address these challenges promptly."

DEUTSCHE BANK CEO AND PRESIDENT OF THE ASSOCIATION OF GERMAN

BANKS CHRISTIAN SEWING:

"Germany now needs a government that is able and willing to

act - and quickly. The challenges facing our country are

enormous: the economy urgently needs a fresh start with

fundamental reforms. Growth and competitiveness must be the

focus of the next legislative period so that Germany remains an

attractive location for companies and investors alike."

BDI INDUSTRY ASSOCIATION PRESIDENT PETER LEIBINGER:

"Now is the time for a real new start: clear structural

reforms and resolute decisions for more growth and security. We

need effective short-term relief signals through less

bureaucracy and simpler approval procedures. In the medium term,

we need a bold strategic plan that relieves companies of

bureaucracy and taxes and unleashes innovation and growth

through more freedom, instead of state micromanagement.

Everything that creates growth and security must take center

stage."

(Compiled by Christoph Steitz, Tom Sims and Rene Wagner)

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