Mechanical and plant engineering is the industrial backbone of Germany. But the industry, with about one million workers, is under severe pressure: 22,000 jobs were cut last year, external shocks from Ukraine to the Iran war are putting a strain on long-term plans, and competitive pressure from China is mounting.
In this episode, Joana Lehner and Tom Schmidtgen first analyze three EU regulatory priorities that are currently divisive in the economy: the Industrial Acceleration Act, the Supply Chain Directive and the EU climate tax (CBAM).
Joana Lehner then talks to Bertram Kawlath, President of the German Association of Mechanical and Plant Engineering. An entrepreneur from Ingolstadt takes an important stock of current economic policy and explains why Germany is in danger of falling behind despite first-class products.
“Power and Policy” shows every week where and how economic policy decisions are made. Jürgen Klöckner and Joana Lehner from POLITICO talk to key decision makers and provide off-the-record insights from the newsroom and centers of power. Accurate analysis long before the law is passed. A podcast for everyone in business and politics who needs insight – every Thursday.
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