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QUOTES-German business leaders respond to election outcome

ReutersFeb 24, 2025 7:21 AM

- 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."

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