"A further weakening of the market economy"
The Grand Coalition could continue to come under fire after the election of the new SPD leadership. With this leadership duo, the SPD is moving further away from the market economy.
On the election of Saskia Esken and Norbert Walter-Borjans to the SPD leadership,
VDMA Executive Director Thilo Brodtmann says:
"The mechanical engineering industry is very sceptical about the SPD members' vote. A politically weakened grand coalition now threatens to come under fire from the Willy Brandt House.
The political ideas of Saskia Esken and Norbert Walter-Borjans are the opposite of what industrial SMEs need in order to remain competitive and secure jobs. With this leadership duo, the SPD is moving further away from the market economy and will demand even more state dirigisme. A further weakening of the German economy in already difficult times could be the outcome."