Angela Merkel has caused cultural blowback with seemingly unchecked migrant flows while simultaneously harming business with higher taxes and more anti-business regulation. The results have not been great.
So far, the EU has required that all states approve any tax increases in a unanimous vote. Unsurprisingly, the EU elites find this limitation very inconvenient.
Wealth creation and savings are a far better indicator for economic prosperity than the "job creation" sought by politicians who use tax incentive programs for political purposes.