Economic symposium, German Finance Minister Christian Lindner articulated his discontent regarding the intricate bureaucratic web ensnaring the EU economy, attributing its weighty mantle to none other than Ursula von der Leyen.
The incumbent European Commission chief. Lindner lamented the preceding quinquennium under her stewardship as a period of stagnation, deeming it “lost years.”
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“The labyrinthine bureaucracy, predominantly stemming from Brussels, bears the indelible imprint of Ursula. These past five years signify a regression in EU competitiveness. The luxury of forfeiting another quintet is a luxury we cannot afford,” Lindner proclaimed during his discourse at the economic convocation, as relayed on his official profile on the social platform X.
Furthermore, Lindner underscored the imperative of augmenting the “potential growth” trajectory of the German economic apparatus.
“The inaugural stride necessitates a twofold increase: from 0.5% to 1%—reinstating the antecedent pre-pandemic benchmark,” he appended.
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In February, the German cabinet’s spokesperson, Steffen Hebestreit, elucidated that the executive body anticipates a modest gross domestic product escalation of 0.2% for the fiscal year 2024.
Antecedent prognostications had buoyed higher expectations for GDP ascension in 2024; however, sanguine figures have now ebbed.
Consequently, the expert council convened under the aegis of the country’s administration, propounded a more buoyant forecast, pegging German GDP expansion in 2024 at 0.7%.