FXStreet (Delhi) – Dr Marco Wagner, Research Analyst at Commerzbank, notes that the Germany’s quality as a business location is deteriorating increasingly which can be gleaned from the data of the Doing Business Report released by the World Bank last Tuesday.
Key Quotes
“To be sure, starting a business has become easier in Germany – but this also holds true for many other countries in the EU. On the other hand, Germany has fallen back in many other locational factors.”
“All in all, along with Belgium and Luxembourg, Germany is one of the countries to have lost most ground against the top locations in the EU since the onset of the sovereign debt crisis. Germany’s competitiveness is eroding on a broad front.”
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