Intel factory in Magdeburg: A setback for Germany's economy?

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Discover the AfD reaction to the suspension of Intel's factory plans in Magdeburg. Leif-Erik Holm criticizes the traffic light coalition and emphasizes the need for a solid economic strategy with a focus on favorable energy, low taxes and investments in education and infrastructure. Find out why subsidies alone are not enough to keep Germany attractive as a production location.
Discover the AfD reaction to the suspension of Intel's factory plans in Magdeburg. Leif-Erik Holm criticizes the traffic light coalition and emphasizes the need for a solid economic strategy with a focus on favorable energy, low taxes and investments in education and infrastructure. Find out why subsidies alone are not enough to keep Germany attractive as a production location. (Symbolbild/MB)

shock for the German economy! The chip manufacturer Intel put his plans for a new factory in Magdeburg on hold - and that has far -reaching consequences. Leif-Erik Holm, the economic policy spokesman for the AfD parliamentary group, raises the alarm and sees the traffic light government in the deep crisis.

"The Intel decision is the next clap for the traffic light and another alarm signal for Germany," said the politician. Holm goes hard with Economic Minister Robert Habeck. "With Intel, a soap bubble bursts of Habeck again." Was it a big dream to bring the chip manufacturer into the country with billion dollar subsidies? It seems that this dream has now received a strong damper.

The pitfalls of subsidy policy

Holm criticizes that Habeck's strategy was shaky from the start. "Funding is not a sustainable solution to make Germany attractive again as a production location," he warns. What is the key to success? Favorable energy prices, lower taxes and levies as well as massive investments in infrastructure and education. "Only when these conditions are correct will companies come back to Germany, and without the major subsidies," demands Holm.

But the danger lurks! If Habeck now uses the free funding to drive his green agenda ahead, Germany could be badly harm. "This policy has led us to be less and less competitive internationally," says Holm alarm. The time of the big promises seems to be over, and Germany is facing a decisive turn.

The future of Germany's production location is anything but safe. Where are the solutions that the economy can really save? The pressure on the government is growing and those responsible have to act!