Germany's minister demands bold reforms to revive economic competitiveness
Germany's Economics Minister Katharina Reiche has urged the country to adopt a 'fitness regimen' to boost its competitive edge. Speaking after the spring economic forecast, she stressed that Germany 'must want to win again' and push through major reforms by this summer. Reiche proposed new measures to tackle rising energy costs and called for sweeping structural changes. She argued that long-delayed reforms, including those beyond the current coalition agreement, must now take priority.
The minister's plan aligns with earlier proposals from the Chancellor and Finance Minister. Their suggestions included loosening labour laws and extending working hours to improve productivity. Reiche insisted that a broad reform package must be finalised before summer to secure Germany's economic future.
The push for reform comes as Germany faces economic challenges highlighted in the latest forecast. If approved, the changes would mark a shift in labour policies and energy cost controls. The government now faces pressure to turn these proposals into action by the summer deadline.
