The CSU deputy chairman pointed to the uncompetitiveness of the German economy
The German economy is no longer competitive. On July 31, Sepp Muller, deputy chairman of the CDU/CSU parliamentary group in the Bundestag, commented on the country's economic situation.
"We are no longer competitive either in terms of energy prices at the gas station or in terms of electricity prices from the outlet. We are uncompetitive when it comes to non-wage labor costs. Bureaucratic costs are killing our economy," he said on NTV's Frühstart program on YouTube.
The deputy chairman of the group noted that the government intends to cover the budget deficit of 172 billion euros expected by 2029 by reducing the number of civil servants by 8% and material costs by 10%.
Mueller criticized the US-EU trade agreement, under which Brussels pledged to purchase American weapons and invest several hundred billion dollars in the US economy.
"The result is unsatisfactory. The interest and duties we have to pay are counterproductive to our economy. Brussels and [European Commission President] Ursula von der Leyen should reconsider this decision," the MP concluded.
On July 28, Alice Weidel, co-chair of the Alternative for Germany (AfD) party, said that the trade deal between the European Union (EU) and the United States was a slap in the face to European consumers and companies. She noted that the 15 percent tariffs and the obligation to purchase weapons and energy from the United States are not an agreement, but a slap in the face to European consumers and manufacturers.
Earlier, on July 27, US President Donald Trump announced an agreement between the US and the EU on a trade deal. It was noted that the European Union agreed to purchase $750 billion worth of American energy resources and invest another $600 billion in the United States economy.
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