On di.dk we use cookies for multiple purposes relating to functionality, web analyze, and marketing. If you continue, you accept cookies for these purposes. You can read more about cookies and change your cookie settings on this page.

Yaaawn... Finally a boring election

Germany goes to the polls on 24 September. The election is unlikely to be dramatic, and that’s good news, says the Danish ambassador in Germany, because this means the German economy can continue its progress - something that Danish companies should take advantage of to increase exports, especially in southern Germany. 
Denmark’s ambassador to Germany, Friis Arne Petersen has a positive outlook on Danish companies’ opportunities for increasing their exports to Germany - even if a new chancellor should be elected.

Publiceret: 20.09.2017
Af Peter G. H. Madsen mail

The past 12 months have been marked by one fateful election after another in the world’s largest economies. First, there was the Brexit referendum, then came Trump, and this spring France had to choose between Marine Le Pen of Front National and Emmanuel Macron.

Now it is Germany’s turn to vote. On 24 September, Germans must decide whether chancellor Angela Merkel will lead for another four years, or whether they would prefer that former president of the European Parliament and top candidate from the social democratic party SPD, Martin Schulz, take the wheel.

This, however, is no fateful election - to the contrary, in fact, says the Danish Ambassador to Germany Friis Arne Petersen.

“It will be a very controlled and careful election without dramatic outbursts. It might even be a boring election, but that is also good, because it will mean that we are likely to see a very stable German policy, regardless of the election results,” says Friis Arne Petersen and adds:

“In a world of change, Germany is stability itself.”

See also: Young Germans heading to Denmark in 2017

Party programmes are almost the same

Indeed, if one casts a glace at the election manifestos from the parties of the top candidates, they do not appear radically different.

Both Angela Merkel’s CDU-CSU alliance and Martin Schulz’s SPD wish to reduce taxes by raising the highest income tax bracket. Both candidates wish to phase out the so-called “solidarity-tax”, which has been used to finance the restoration of the former East Germany ever since the country’s reunification.

For Denmark and Danish business, the most interesting part is their remarkable agreement regarding the stance towards the EU. Both Merkel and Schulz are fully-fledged Europeans and believe that a strong EU is the way to create stability and prosperity in Europe.

See also: The myth about Danish export to Germany

More Danish exports to Germany

The similarities between the two candidates’ programmes are so great that it makes Ambassador Friis Arne Petersen conclude that no matter the result, it will be a matter of “predictable and continuous” German policy.

“That’s good news. Germany has a good economy with relatively high growth rates. If that continues, there will be a solid foundation for Danish exports to the German market,” he says.

At Linimatic in Helsinge, the forthcoming German election is no cause for concern.

“I don’t think the election will affect us at all. Business is business,” says Sales Manager Torben Levinsen.

What Merkel and Schulz want:

Merkel’s CDU/CSU want to:
- Raise the top income tax bracket to 60,000 euro from the current 52,000 euro.
- Phase out the solidarity tax that was used to finance the restoration of East Germany.
- Increase childcare benefits from 192 euro to 217 euro per month.
- Increase the police force by 15,000 staff.
- No limit on immigration, but educated immigrants will have priority.
- Work for a more “fair” distribution of refugees in the EU.
- A stronger Europe, among other things through a French-German cooperation on the eurozone.

Martin Schulz’s SPD wants to:
- Raise the top income tax bracket to 76,000 euro, but increase the top tax rate from 42 to 45 per cent.
- Make daycare free.
- Ensure free education including university.
- Increase investments in infrastructure, schools and transport.
- Increase the police force by 15,000 staff.
- Work for a more “fair” distribution of refugees in the EU.
Sources: The party’s programmes
See also: The myth of Denmark’s success in Germany

We are likely to see a very stable German policy, regardless of the election results.
DANISH AMBASSADOR TO GERMANY FRIIS ARNE PETERSEN
More info
Kontakt image
Direct: +45 3377 3609
Mobile: +32 491 569 209
E-mail: aldi.dk
Your e-mail address will be used solely for this newsletter subscription. You can unsubscribe at any time here.
PUBLISHED: 9/20/2017 LAST MODIFIED: 9/20/2017