The Bundestag elections have triggered not only political but also immense economic reactions. Former Siemens CEO Joe Kaeser recently stated very clearly that Germany is a restructuring case. He called for a long-term restructuring agenda over the next five years. 📈
Kaeser, who is now Chairman of the Supervisory Board of Siemens Energy $ENR (-2.8%) spoke to the US news channel CNBC about the challenges facing the new government. In his vision, an "Agenda 2030" should focus on five central areas: Economy, infrastructure and energy, education and innovation, pension system and government reforms.
The stock market's reaction to the election was clearly positive, with the DAX rising. Kaeser emphasizes that citizens are wondering whether their country and institutions are still safe and whether the government is in control. Such questions contribute to unrest and influence economic stability in Germany. It remains exciting to see how the new political structures will affect the economy.
