According to Bingmann, there seemed to be an increasing unwillingness among political parties to assume governing responsibility which was "damage to democracy."
He recommended the parties to reconsider their stances during a 14-day breathing period following this "low point."
In a similar vein, Peter Wollseifer, president of German Confederation of Skilled Crafts (ZDH) complained that it was a "fatal" signal to Germany's economy and society that the negotiating parties had proven unable to reach sustainable compromises.
Eric Schweitzer, president of the Association of German Chambers of Industry and Commerce (DIHK), lamented that an important opportunity had been wasted to overcome ideological divisions in favor of pragmatic solutions. As a consequence, there was now a risk that important reforms would be postponed.
"German firms have to prepare themselves for what might become a long phase of insecurity," Schweitzer warned.
Nevertheless, several leading German economists voiced optimism that the country's economic momentum would be maintained after eight consecutive years of growth.
"The resulting economic damage is likely to be limited in light of strong fundamentals," Holger Sandte, Chief Economist at Nordea Bank, told press.
While Joerg Kraemer, Chief Economist at Commerzbank, described the uncertainty caused by the failure of talks as "poison for the economy." But he's still confident that high productivity and loose monetary policy will at least temporarily sustain the current boom.
【国际英语资讯:German coalition talks collapse causes widespread concerns】相关文章:
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