- Munich-Re-Head for fewer holidays and later retirement
Employees in Germany should work more, according to the opinion of Munich Re CEO Joachim Wenning. "Why not simply remove a few public holidays? There's no reason why Bavaria needs significantly more holidays than Hamburg or Germany than many other countries," Wenning told the "Süddeutsche Zeitung". "And why can't Germans retire later? They live longer too."
Germany needs a turnaround. "Germany is currently in decline," said the CEO: "Growth is decreasing. You encounter crumbling infrastructure daily in various places. The surplus of foreign investments is decreasing." Under strict conditions, he would accept higher debt for intelligent investments.
Despite the CEO's suggestion to extend working hours and delay retirement due to longer life spans, addressing Germany's decline might require more comprehensive solutions. Considering the decrease in growth and the deteriorating infrastructure, it's crucial to explore a wider range of intelligent investments, even if it means accepting higher debt under certain circumstances.
