Monday June 1, 2020

Germany preparing to soften spending stance?

On Sunday, finance minister Olaf Scholz suggested the government would aim to muster €50 billion of extra spending in case of an economic crisis

20th August, 2019
German economy shrank in second quarter

The programme would be designed to bolster the domestic economy and consumer spending to prevent large-scale unemployment, said the people.

Similar to bonuses granted in the 2009 crisis to prod Germans to buy new cars, the government is studying incentives to improve energy efficiency of homes, promote short-term hiring and boost income through social welfare, the people said.

Signs are mounting that Germany’s rigid adherence to its balanced budget policy is softening. On Sunday, finance minister...

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