The Economic Council Germany in London (“Wirtschaftsrat der CDU in London”)
The Economic Council Germany is representing the interests of the German economy in politics, in dialogues with the administration and public on a regional, national and European scale. Given a growing influence of European regulation and a continuously progressing globalization of trade markets, international topics became more and more prominent for the Economic Council.
The Economic Council Germany in London provides a platform for German businessmen and executives in London. We consider ourselves within the Economic Council as an initiator and think tank of new concepts following the idea of the social market economy and finally as an contributor to the legislative process. We are focusing on topics like the development of financial markets, FinTechs, digitalisation including industry 4.0 as well as energy. Based on its focus, the Economic Council Germany in London is committed to intensify the dialogue between London as the leading financial and entrepreneurial market place and the German economy, politics and administration.
As the leading European financial centre and technology hub, London is at the forefront of a changing society and an ideal location for our think tank. Since the financial crisis 2008, the financial sector has gained a high degree of public and political attention which has increased the degree of regulation enormously. If the new regulation was not only introduced with a good intention but is also well implemented is now the key question. More general, the Economic Council Germany in London is asking the question, how the new regulation framework is strengthening the social market economy as envisaged by Ludwig Erhard, Minister for Economic Affairs in the German Federal Republic between 1949 and 1963.
The Economic Council
Leading changes in economic, fiscal and social welfare politics
The Economic Council Germany (Wirtschaftsrat Deutschland der CDU e.V.) is a German business association representing the interests of more than 11,000 small and medium sized firms, as well as larger multinational companies. We provide our members with a platform to engage in a continuous dialogue with leading decision makers, both in Germany and Europe. We advocate economic policies which best reflect the principles of a social market economy as envisaged by Ludwig Erhard, Minister for Economic Affairs in the German Federal Republic between 1949 and 1963 and one of the co-founders of the Economic Council.
Businessmen are engaging in policy research
Our members are drawn from all sectors of the business and entrepreneurial community, including banking and finance, insurance, the automotive industry, healthcare and high-tech. Besides our members, we have around 500 friends who usually attend events of the Economic Council Germany in London.
The diverse nature of our membership yields significant political weight when adding policy proposals to the political agenda. We ensure that the principles of the social market economy are taken into account within the decision making process, not only in Berlin and Brussels but also in the German federal states.
What does the Economic Council do?
We organize over 2,000 events annually at all levels of the council. These range from one-off events aimed at highlighting particular areas of interest to regular annual events such as the Europe Symposium, Conference on Energy Policy and Wirtschaftstag. These events are attended by high ranking politicians, academics as well as members of the business community. They attract significant regional and national media coverage
The way the economic council works reflects the three tier structure of the association with offices in Berlin, the German federal state capitals (with the exception of Bavaria) and Brussels.
Federal Office Berlin
In large part, the work of the Council is carried out in the federal office in Berlin. The most important bodies in that context are the Federal Expert Commissions. There is one such commission for each policy area in which the economic council is involved. The typical work of an expert commission comprises the engagement with high ranking politicians from the respective policy area (facilitating a two-way dialogue between our members and key decision makers), consulting leading academics in the field and on this basis formulating concrete policy proposals which best reflect the interests of our entire membership base.
Expert commissions are chaired by board members, chairmen and chief executives of some of the most renowned companies in Germany. There are expert commissions in the following policy areas:
• International Economy
• European Financial Markets and Monetary Policy
• Taxes, Finance and Budgetary Policy
• Family Businesses
• Labour Market
• Growth and Innovation
• Internet and Digital Economy
• Energy Policy
• Urban Development, Construction and Real Estate
• Transport, Logistics and Infrastructure