Banks: Deutsche Bank CEO Sewing calls for more speed with reforms
Christian Sewing calls for faster and more consistent reforms. The AfD's election successes and the discussion about expropriation in Berlin are anything but conducive to the economy.
Christian Sewing, CEO of Deutsche Bank, has expressed concerns that the German government's reform efforts are not happening quickly enough. He believes that the government needs to reduce bureaucracy and be more flexible in its decision-making, including potentially reforming the country's employment protection laws. Sewing also warned that current political developments pose a significant risk to Germany's economy and that reforms from the democratic center are needed to counter extremist movements.
He welcomed the government's new retirement savings plan but expressed skepticism about the proposed fuel price discount, citing concerns about the country's debt situation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
