German Council of Economic Experts Submits Special Report Urging Structural Reforms and Bureaucracy Reduction
The German Council of Economic Experts has delivered a comprehensive special report to the federal government in Berlin, calling for sweeping reforms to relieve the burden on small and medium-sized enterprises. The economists advocate for the radical simplification of tax regulations, accelerated planning approval procedures for industrial plant installations, and noticeable reductions in energy levies to avert a looming investment slump in Germany's manufacturing sector.