So you can’t say that France was a victim of high interest rates. What can Germany do? Germany recently decided to lower the retirement age for some groups and to introduce a minimum wage. Entrepreneurs say that the reforms are weighing negatively on the investment climate. There was some complacency.
Lowering barriers to entry will increase competition, particularly in those domestic service sectors that are sheltered from international competition, and thus support price stability. Economic growth led by the private sector needs to be fostered by a stable and business-friendly policy environment.