German family businesses slam coalition's economic failures on first anniversary
The Foundation for Family Businesses and Politics has sharply criticised the German government on the first anniversary of the black-red coalition. The group, which represents over 600 medium-sized and large family-owned firms, claims the administration has failed to meet expectations. Board member Rainer Kirchdörfer warned that the country’s economic future is now at risk. Family businesses had initially hoped the coalition would improve conditions for growth. Instead, many now feel forced to seek profits abroad due to limited opportunities in Germany. Kirchdörfer described the situation as a slow but steady decline, threatening the nation’s role as a top exporter.
He stressed that the government must act decisively, stating that failure is no longer an option. Sensible policies are needed to secure both the economy and the next generation. Yet, according to Kirchdörfer, there are no signs of progress in cutting bureaucracy or reducing spending. Beyond domestic issues, he pointed to broader challenges. Europe’s excessive red tape remains unchecked, while the U.S. is weakening the stability of global trade rules. These external pressures add to the strain on German companies.
The criticism highlights growing frustration among family-owned firms. Without policy changes, Germany’s export-driven economy could face further difficulties. The foundation’s warnings suggest that urgent action is needed to restore confidence and competitiveness.
