# German Reform Debates & Chemical Sector Shifts

**Podcast:** Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT
**Published:** 2026-03-28

## Transcript

My name is Daphna.
Dietmar Defner.
My name is Chapitz, Holger Chepitz.
The im Podcast besprochenen Aktien and Fonds stellen keyempfehlungen darf.
The Moderatoren and the Verlag haft nichts für Adwaiverluste, die auf große Umsetzung der Gedanken oder Ideen entstehen.
Zusätzlich zu unserem großen Podcast becomes here a Daphne Chapitz Update with Ausblick.
And it's Dienstags.
Kurz and Knapp, denn Zeit is Geld.
And we lassen an Uhr mitlaufen, damit keiner here too viel reden.
And we're going to get the body.
Lars Klingbal had a few beaches by the Bertelsmann Stiftung gehalten, where he has reformed.
I think for a Society ungewissed.
It had a bit of a Schroeder.
That is a new halt, bemerkenswert for an Socialdemocrat.
And he had more.
Okay.
That gave you the point.
But by the rest, that was a lame there gives us a rentreform.
We must have 70%.
But I said we can start not to alter, but if the beitragsjahre so implicit he said, these bummel students, they can less.
That for one gate empfanger launched.
Often it is so, and that's good.
That must completely structure.
And also the art to bring this in the partner to signal and a wicked gold to bring in the castle, but for all the art to bring it up.
Good.
What does it say?
When you say that we won't stay, we are by 40%.
That's loan cost, not loan hopkins.
When you have 20%, then you reduce and not say that we can't.
That's not a ambition.
Then this reform is 50%.
And then we wanna finance with the stars.
Everything so many stars have gotten substantial 50%, then with the stars, hey, we wanna do it.
Had they all nothing.
And so let's go to the end.
And what I frustrated is that the Deutsche are right to reform when they have the feeling that it's a gerechet.
This is so blöds in the thing.
And you have a transfer system we want to do.
Yeah, we wanna see that we can get so much, then you have to make more transfers, then, or make a string transfer regime.
But then to say, the transfers are like, and when the market, then we won't build this.
That is not a reform.
This is a lot of things.
The Schroeder had said: hey, there's a gate, it's got these agenda, and that had the answer that the remote.
In the world, that's 74 had the doctor.
And from here is this way to reform.
They laid all this up.
And so we can have a reform in this land.
And that must have been often and say, there were a debate, we can do this.
But pauschal not to say that is not the same.
I have not said, I have said, I'm not ambition.
I have said and say not, we won't work and wanna make it.
Hey, when we say, and one that I have nervous is that there's a reform that really good is the private start, although this week.
That read niemand.
That's a rich revolution.
Read that we for the rented.
That was not the reading that I have heard.
So our sight left up.
Lances are my bullets.
They are 50% in energy crisis.
We had the Deutsche Chemiewerteen.
But they profited that the asiatic chemiewerte for all get from the Lieferketten of the blockade for Hormuz.
My CTS Eventum.
They have events.
They are not a very good one.
10% was the umsatic, but the auspices were not so tall.
That had the market and five.
We're talking about this weight.