Economy: Kretschmann: 2023 is the “tipping point” for German prosperity

Economy: Kretschmann: 2023 is the “tipping point” for German prosperity

“We can’t lose any more time,” says Baden-Württemberg’s Prime Minister. In the new year, Germany must show that it is competitive with a climate-neutral economy.

According to Baden-Württemberg Prime Minister Winfried Kretschmann, Germany needs to invest more in order to restructure the economy. “2023 is the tipping point for German prosperity. We can’t lose any more time,” said the Green politician to the “Tagesspiegel” (Monday).

To do this, one must also address the excessive bureaucracy of the economy and society. “That is a real obstacle. We have to take up this fight so that the economy does not experience a locational disadvantage and innovations advance quickly.”

Germany must show that it is competitive with a climate-neutral economy and can create jobs, said Kretschmann. When asked whether the debt brake needed to be changed, the head of government said: “I don’t see that.” Climate protection can be achieved through private capital. “The state does not build wind turbines or photovoltaic systems, except on its own buildings.” You have to create the conditions for the money to be invested there.

Source: Stern

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