Commerzbank CEO Calls for German Reforms to Counter Right-Wing Rise
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Germany needs structural changes to prevent a political shift to the right, says Commerzbank CEO Manfred Knof.
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Knof says the German population is unhappy as structural problems aren't being solved. Modernization and reforms are needed.
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The rise of right-wing parties reflects this discontent. Upcoming elections will indicate their growing support.
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German SMEs are reluctant to invest due to the country's structural issues. This should concern us, says Knof.
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Cutting energy use under the Energy Efficiency Strategy 2050 has led to backlash as energy prices rose after Russia's invasion of Ukraine.