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Luc Frieden: ‘Is it the right time?’

The new president of Eurochambres, the umbrella organization of chambers of commerce, warns against imposing new burdens on companies in the current crisis. He is critical of the rapid introduction of the CO2 border adjustment and wants to improve the Supply Chain Act. In an interview with Till Hoppe, the Luxembourger also warns against the consequences of an oil and gas embargo.
Luc Frieden is president of Eurochambres. The former finance minister of Luxembourg worked in the financial industry in the meantime.

Mr. Frieden, the European economy is barely growing, and prices are rising fast. Do you fear a new recession, even stagflation?

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