What economic challenges is Germany facing and what reforms are needed?

Germany is experiencing economic stagnation due to falling behind in new technologies while maintaining high labor costs. Experts argue the economy needs significant reform, including less bureaucracy, streamlining processes, and reduced regulation to revitalize German industry. Political parties acknowledge that action is necessary but disagree on specific solutions. This uncertainty poses challenges for the incoming government, which may not be able to immediately help affected workers like those in Wetzlar facing job losses, highlighting the urgent need for comprehensive economic reform to restore Germany's competitive position.