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German Business Gives Merkel a New Wish List
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The German Chambers of Commerce and Industry President Heinrich Driftmann told reporters in Berlin that the new government should overhaul the tax code and improve credit access for companies. The German chamber wants to see changes to the corporate and inheritance taxes. He said that even if it was considered taboo companies needed more flexibility in the labor market. Merkel has promised labor unions that keeping social protections will be a priority in her administration. Economists say it will be difficult to cut taxes because unemployment will rise to 11% in 2011 as Germany's economy contracts 5% this year, and this will mean less tax revenues and increasing costs for social spending.
The 2009 elections in Germany.
09/27/2009
With 15% of the vote the Free Democrats emerged a clear winner, the Christian Democrats at 34% made the poorest showing since 1949. Merkel forms acoalition with the Free Democrats.
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With the Free Democrats getting 15% of the vote , and now apartner in the new coalition, business looks to changes from Merkel. Merkel is staying close to the centre.
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German Business Gives Merkel a New Wish List
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