Oliver Bätethe CEO of $ALV (+0,49 %) criticized in an interview on #wef2025 the German spending policy and called for comprehensive reforms.
"Germany has no problem with revenue, as the tax burden is already high, but there is a serious problem with spending"
He pointed out that in recent years, more money has been spent on consumption instead of necessary investments, which urgently needs to be changed.
In addition, he said that the German working class was being neglected by inadequate provision of basic goods.
"There are significant deficits in areas such as transportation and education, and there is a huge need for action here"
According to Bäte, these shortcomings also have a noticeable impact on the political landscape in Europe. He explained that many people do not vote for extreme right-wing or left-wing parties for ideological reasons, but out of frustration at the inability to meet basic needs.
