Which is causing problems for German industry

Empty industrial building

Are there now threats of migration and bankruptcies? Or will Germany emerge from the crisis with renewed strength?

(Photo: Moment/Getty Images)

Berlin A particularly large number of black limousines were parked in front of the Federal Chancellery in Berlin on Friday two weeks ago. Chancellor Olaf Scholz (SPD) had invited the grandees of German industry: Volkswagen CEO Oliver Blume, Siemens boss Roland Busch, Bayer CEO Werner Baumann.

In a conference room in the Chancellery, the heads of the group sat together with Scholz and the ministers Robert Habeck (Greens) and Christian Lindner (FDP). The conversation lasted a full two hours. It was less about the problems of the next few days and weeks, according to those around the group, and more about those of the next few years: Where is German industry headed?

The energy price shock weighs heavily on many companies. But the prices for gas and electricity are slowly falling again, as is inflation. The next few months will be tough, if not as tough as the worst warners had feared.

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