Merkel emphasises German prosperity, security at rally

Image
AP Berlin
Last Updated : Aug 12 2017 | 7:57 PM IST

Don't want to miss the best from Business Standard?

German Chancellor Angela Merkel opened the final phase of her election campaign today with a focus on her record, emphasizing the economic growth and prosperity achieved during her dozen years at the helm as she seeks a fourth term.
Merkel told a rally organized by her Christian Democratic Union party in the western city of Dortmund that unemployment has dropped to a post-reunification low since she first was elected chancellor in 2005.
She told the crowd she hoped to achieve full employment a rate below 3 percent by 2025. The rate hit as high as 12.6 percent in early 2005 and was most recently at 5.6 per cent in July.
"Those are really excellent figures," Merkel said, going on to note that government and industry must not be complacent because technology is changing the way the economy functions.
"On one hand, Germany stacks up well, but on the other hand we live in a time of change, a time of uncertainty," she said.
Singling out the damage done to the "Made in Germany" label with Volkswagen's diesel cheating scandal, Merkel said honesty in business was a prerequisite going forward.
"The way things were swept under the rug or where loopholes in emissions tests were massively exploited to the point they were unrecognisable, that destroys trust," she told the crowd.
In addition to Volkswagen, Germany is home to Mercedes, BMW and other top brands.
Merkel emphasised the need for the auto industry to develop cleaner technologies, but also sought to allay widespread fears that older diesel cars could be banned from the streets. A "transition phase" would be better than a ban, she said.
The government could help provide the infrastructure to support vehicles run by alternative power sources, but innovation was up to the automakers, she said.
"The question of whether the German automobile industry has recognized these signs of the times will decide their future, and with it hundreds of thousands of jobs," she said.
Merkel, however, rejected outright an idea floated by her main challenger, Social Democrat Martin Schulz, who suggested in an interview Friday that there should be a Europe-wide quota instituted for electric cars.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 12 2017 | 7:57 PM IST

Next Story