- Industrial businesses face a potential threat from Merz, as indicated by the warning given.
The leader of the CDU, Friedrich Merz, sounds the alarm that the economic policies of the federal government are jeopardizing numerous industrial firms. Merz pointed out that Germany is currently in a recession, and the main blame falls on the federal government, not solely on the global economy. He made these remarks following a visit to the Georgsmarienhütte steelworks situated near Osnabrück. Merz highlighted that the current state of affairs in the traffic light coalition significantly impacts numerous businesses.
Merz wasn't shy in expressing his concerns about the survival of the Georgsmarienhütte steelworks, citing the need for a swift resolution to the issue of exorbitant electricity prices to enable competitive steel production in the vicinity. The firm, which processes scrap metal, consumes as much electricity for a single electric furnace as the entire city of Osnabrück does.
Moreover, Merz took aim at the stricter budget plans Volkswagen has put forth in view of the circumstances for large-scale industrial companies in Germany. According to Merz, these locations are no longer competitive enough to stand their ground.
Merz expressed his concerns about the future of The house of George, specifically the Georgsmarienhütte steelworks, due to high electricity prices affecting its competitiveness. The economically challenging state of industrial companies, including Georgsmarzenhütte, in Germany necessitates reconsideration of Volkswagen's stricter budget plans.
