The EU needs to loosen its grip on the economy.
In recent times, the European Union Commission has imposed new rules and raised the bar for bureaucratic obligations, creating a strain on the economy. The European election outcomes also serve as a reminder to reconsider the economic course. The new Commission needs to take a different path.
In addition, the German results of the European election deserve attention, as they reflect the public's level of satisfaction with the ruling coalition government. Analyses of these results will take place in this context.
Nevertheless, it's crucial not to overlook the European election's significance as a vote on the European Commission's performance, particularly regarding economic matters. Numerous citizens feel cheated by Brussels due to new regulations and bureaucratic impediments. They fear that the economy will continue to deteriorate, causing rises in living expenses and the loss of savings. Moreover, they worry about job security in Germany. If the country's economic situation doesn't improve rapidly and steadily, job reductions, corporate relocations, and bankruptcies may occur.
Business owners and managers, traditionally champions of a free and powerful Europe, have ended their silence about the Berlin traffic light dispute. They now express their dissatisfaction with the growing bureaucracy and stringency from Brussels. Frustration is mounting where optimism had reigned before.
For example, plans to ban combustion engines after 2035. German automakers, previously acclaimed for setting world standards, find themselves forced to shift their research and development teams from gasoline and diesel engines to electric powertrains.
Easing the burden
The plight of energy-intensive industries, such as steel manufacturers and chemical companies in Germany, is worsened by the highest energy costs in Europe due to Germany's energy transition. Foreign competitors thrive, while German companies fall behind in the global market. Understanding for the constant decisions from Brussels is not fostered by this scenario. On the contrary.
Voters feel the effects of these changes, and the Commission must respond. The results of the European election can be seen as an opportunity to rethink its approach. It needs to return to a practical, people-centric policy that ensures job security and prosperity. Otherwise, the right-wing shift in some countries will continue, with citizens expressing dissatisfaction at the ballot box.
The same holds true for Germany. In the next federal election, voters will be choosing the person they trust to enhance the country's and their personal economic situation. At present, these voters harbor serious doubts about the current political decision-makers. This is blatantly illustrated in the European election results.
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The European elections call for a change in the EU Commission's economic policy, as many citizens feel disillusioned with the rising bureaucratic obligations and new regulations, leading to an increase in living expenses and a potential economic downturn. The Traffic Light Coalition government in Germany, which is part of the ruling European coalition, should consider turning off the combustion engine in their economic policy, as business owners and managers are expressing their dissatisfaction with the growing bureaucracy and stringency from Brussels, particularly in regards to the ban on combustion engines after 2035. The EU Commission should aim to ease the burden on energy-intensive industries, such as German steel manufacturers and chemical companies, by reconsidering its economic approach and focusing on practical, people-centric policies that ensure job security and prosperity.
