"Germany's Urgent Need for Structural Change to Avoid Becoming the Sick Man of Europe"

Commerzbank CEO Manfred Knof has warned that Germany needs to implement structural changes to prevent a political shift to the right. He expressed concern that the population is unhappy due to unresolved structural problems and emphasized the need for modernization and tackling necessary changes. Knof also highlighted the reluctance of Germany's small-to-medium-sized companies to invest in their own country, citing the challenging situation and the lack of a conducive framework. These comments echo similar concerns raised by industry leaders and experts about the German economy and the government's approach to sustainability.