Christian Sewing, the CEO of Deutsche Bank, has criticized the current federal government’s fiscal policies. Speaking to the “Bild am Sonntag”, Sewing stated that he does not believe the fuel discount will be a sustainable long-term solution. He also expressed skepticism that the situation in the Middle East will suddenly resolve itself.
Given these concerns, the CEO argues that the cost of these price reductions is too high. He emphasized that considering the monthly expenditure and the existing national debt situation, Germany cannot continuously layer on additional costs.
Furthermore, Sewing, who has been leading Deutsche Bank for eight and a half years, called for a comprehensive review of state-sponsored economic support. He specifically urged reflection on whether the government can continue to subsidize the types of measures currently available.
