Leaders from Germany’s Deutsche Bank and Siemens are expressing hope that their newly formed investment initiative, “Made for Germany” will catalyze a significant shift in the nation’s economic trajectory.
Christian Sewing, CEO of Deutsche Bank, emphasized the need for a visible demonstration of progress. “We need a clear signal to society that something is moving here” he stated, highlighting the alliance’s intention to collaborate with policymakers to bolster Germany’s – and consequently Europe’s – growth prospects and potentially uplift national sentiment.
Siemens CEO Roland Busch echoed this sentiment, setting forth clear expectations for the current German government coalition. He stressed the necessity of political courage for structural reforms, alongside a commitment from businesses both confident in the German location and prepared to invest. “We need companies that believe in this location and are willing to invest. Both of these must come together quickly to generate momentum.
As of Monday morning, 61 leading companies and investors have pledged to invest a substantial €631 billion within the next three years, demonstrating a strong initial commitment to the “Made for Germany” initiative. Representatives of the alliance are scheduled to meet with German opposition leader Friedrich Merz of the CDU on Monday to formally present their plan. The initiative aims to reinvigorate the German economy through strategic investment and structural improvements.
