The European economy continues to suffer from a banking crisis that has slowed down most industries here, but manufacturers in the construction space are optimistic that fiscal policy and bright ideas will eventually win the day.
"We're all hopeful and quite confident that the political leaders will be able to come to grips with the situation," said Johann Sailer, president of construction elevator manufacturer GEDA and president of VDMA, a German equipment trade group. He spoke at an April 14 ceremony held inside the Bavarian Residence, a former royal palace, to honor innovations in construction technology.