The Federal Minister of Economics warns of damage to growth in the left-wing government in Berlin

Federal Economics Minister Katherina Reiche (CDU) fears nationwide losses in growth in a government led by the left in Berlin. “What the Left represents here in Berlin and the people who represent them is not only dangerous for Berlin, but for our country,” she told “Bild am Sonntag”. “It is a danger for Germany as an investment location and as a business location.”

Investors looked closely at whether Germany was serious about protecting property and freedom. She said, particularly with regard to the SPD and the Greens: "And that is why two other parties that the left would need to come to power must under no circumstances reach out to seize power here."

Reiche said she grew up in the GDR: “I saw firsthand how family businesses were run down after nationalization and expropriation. Expropriation, socialism or even communism lead to impoverishment, impoverishment and totalitarianism.”

In the election to the Berlin House of Representatives on September 20th, the Left was by far the strongest force. She is now relying on a red-green-red coalition. If this happens, she and her top candidate Elif Eralp could nominate a governing mayor in Berlin for the first time. The Left had made the housing crisis the central issue in the election campaign. She wants to consolidate large housing companies and has also promised a rent cap for the state-owned housing companies.