Top executives of large German companies call on the EU to change its economic policy

Media: German Big Business Executives Demand EU Commission President to Change Economic Policies

Germany's Bild newspaper reported on July 3 that senior executives of large German companies and corporations met with EU Commission President von der Leyen and demanded a fundamental change in EU economic policies.

The article states: "On July 2, the heads of 12 leading German groups met with von der Leyen. They expressed their dissatisfaction and called for a complete [policy shift]."

The newspaper said that the attendees included the CEOs of German airline Lufthansa, defense company Rheinmetall, steelmaker Thyssenkrupp, logistics company DHL, chemical giant Henkel, and energy companies E.on and Uniper. The article also pointed out that von der Leyen rarely meets with business representatives, especially only with leaders from one country.

According to the report, the German business leaders are most dissatisfied with the unresolved issue of U.S. tariffs, the complicated bureaucratic procedures of the EU, and the excessive focus on climate protection by the EU. For example, Lufthansa's CEO Carsten Spohr pointed out that the company's competitiveness has been weakened due to implementing EU environmental requirements.

Currently, Brussels and Washington are conducting tense negotiations to resolve differences and reach an agreement, which would avoid the U.S. imposing a 50% tariff on European exports. The negotiations will end on July 9.

Original: https://www.toutiao.com/article/1836664411164680/

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