"Let's just go back to working as hard as the EU average," Sewing said at a Frankfurt conference, addressing Germany's sluggish economic growth and underinvestment. His remarks reflect a broader concern for the country's economic competitiveness as it faces challenges from major companies like Volkswagen considering factory closures, and Intel's reevaluation of its significant investment in Germany. Sewing’s concerns are underscored by a notable difference in working hours, where Germany’s average is significantly below the EU average."
"Investors have been telling us for more than a year that they doubt Germany's and Europe's ability to perform, and even worse, the will to perform," Sewing stated. This highlights a troubling trend as investor confidence wanes due to economic stagnation and decreased industrial productivity. The call for increased work ethic among German citizens emphasizes the need for a renewed commitment to economic growth, countering narratives of decline that have emerged in recent years.
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