Operational efficiency is being enhanced. Costs are falling. And resources can be saved at the macroeconomic level as well. Since the mid-1990s, when German industry ran into competitive difficulties due to the exchange rate, internal reforms have been taking place in German enterprises - in some cases, accompanied by a considerable number of redundancies.
I firmly believe that German industry is now highly productive and competitive. What is sometimes also underestimated abroad is the extent of reforms in the public sector, for example, in Germany. Certainly, there is still a lot that can be done in that area.