Banken: Deutsche-Bank-Chef Sewing fordert mehr Tempo bei Reformen

Deutsche Bank CEO Christian Sewing criticized the current pace of government reforms, stating they are insufficient. He acknowledged the ruling coalition's recognition of necessary actions but argued for improved implementation speed and consistency, without relying on compromises. Sewing demanded the government "trim the bureaucracy substantially" and expressed concerns about embracing things people have grown fond of, such as employment protection measures.

He called for a more flexible approach in a fast-paced world, allowing for quicker response times. Sewing acknowledged the government's decision to limit the number of employees earning over €180,000 from the right to terminate their contracts, deeming it a positive step, but suggested extending this protection further. He warned of significant risks for Germany as an economic location, citing political developments as particularly perilous.

Sewing highlighted the need for growth reforms originating from the democratic center as the only viable response to the extreme right and left-wing elements in the country. He congratulated the government on the new pension fund but urged them to fully implement the proposed reforms without any watering down, emphasizing that any dilution would be challenging and unacceptable.

Sewing expressed his lack of enthusiasm for the tank rebate, arguing that given the ongoing instability in the Middle East, it would not provide long-term relief. He stressed that the monthly cost of the rebate, combined with the country's already precarious fiscal situation, would only exacerbate the problem.