Berlin expropriation plans hurt Germany as business location, Merz says
EWG•German Chancellor Friedrich Merz said Berlin’s expropriation plans could cause “enormous damage” to Germany as a business location and affect capital markets. He said the federal government had finalized a draft bill against expropriation, but questions remained over market-value compensation.
1. Merz warns of repercussions
Merz said Berlin’s plans to nationalise apartments were having repercussions across Germany and on capital markets. He warned that property investors would demand their money back and that nationalisation would cause “massive damage” to Germany as a business location.
2. Draft bill finalized
Merz said the federal government had finalized a draft bill against expropriation, but questions remained over what level of market-value compensation would be required.
