Despite the war, Scholz continues to focus on globalization

Bunchancellor Olaf Scholz (SPD) continues to focus on economic globalization despite the war in Ukraine and its consequences. He is “against all those who are now promoting the idea of ​​deglobalization,” said Scholz at the traditional employers’ day on Tuesday in Berlin. “We won’t do that.”

The Chancellor advocated further diversification. He explained that there are many influential countries in the South of America, in Africa and especially in Asia, with which cooperation should continue. “Then we will also create the basis for continuing global cooperation in the world economy and for German companies to be able to benefit from it with their skills and expertise,” said Scholz. “Be sure, that’s the strategy of the federal government.” You don’t want to limit yourself to yourself, but use the potential of the world together.

Previously had Employer President Rainer Dulger describes deglobalization as one of the main price drivers. “Due to the corona crisis, the Ukraine war and, above all, the uncertain development in China, supply chains are breaking down,” said Dulger. “That drives up the costs and that affects Germany particularly.” Due to deglobalization, persistently high inflation rates must be expected in the future.

Fear of blackout

According to the Federal Chancellor, the power supply in Germany is secured despite the current energy crisis. “We will ensure that it is possible for the southern German nuclear power plants to still be able to run in January and February and March, so that there is no bottleneck in the German electricity market,” said Scholz on Tuesday at the employers’ day in Berlin.

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