Germany’s governing coalition is poised to unveil a package of measures designed to accelerate infrastructure development and innovation, according to Minister for the Federal Chancellery, Thorsten Frei Speaking ahead of a scheduled meeting of the coalition committee, Frei emphasized the need to prioritize the country’s competitiveness following a prolonged period of economic recession
The cabinet has already approved revisions to the Supply Chain Due Diligence Act and the coalition committee is expected to finalize an acceleration package focused on boosting infrastructure and innovation, with the aim of stimulating national economic growth Frei highlighted the importance of this growth for maintaining strong wages and robust social services
“We need to remove the shackles holding Germany back” he stated
The coalition committee, comprising representatives from the CDU and SPD, will convene at the Federal Chancellery on Wednesday evening While infrastructure and innovation are key agenda items, discussions are also anticipated regarding contentious proposed social reforms