Corporate panic over Green victory

Published on 29 March 2011 at 10:25

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"Economy in state of shock," headlinesHandelsblatt, two days after the Alliance '90/Greens victory in the Baden-Württemberg state election. Right up until polling day, entrepreneurs in the German Land, which is a national leader in nuclear power generation but also in the car and machine tools industries, campaigned on behalf of conservative candidates. Their fear that a change in the state government would bring about an end to corporate friendly polices was justified, remarks the economic daily, which explains that the impact of the "Green wave" will not be limited to Baden-Württemberg: "The new German Leitkultur [dominant culture] is staunchly anti-nuclear, marked by pacifism and mistrustful of large-scale projects. Major energy companies can expect to see a significant devaluation of their capital." At the same time, the national railway company Deutsche Bahn has announced the provisional suspension of work on the Stuttgart 21 project.

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