The debt brake is outdated, says Yasmin Fahimi. Germany has an investment problem. The state must provide incentives.
DGB chairwoman Yasmin Fahimi has called for an “investment offensive” in Germany. “Germany doesn’t have a general economic problem, but rather an investment problem,” Fahimi told the dpa in Berlin. “Private investments must now be stimulated with investment bonuses and contracts as well as improved depreciation options.”
Today the employers’ associations are inviting people to an economic policy symposium. In addition to Federal Chancellor Olaf Scholz, Fahimi, who leads the German Trade Union Confederation (DGB), is also taking part. Economics Minister Robert Habeck (Greens) had announced that the federal government would significantly lower its economic forecast for this year.
Fahimi said the state must curb energy prices and exempt them from additional duties and taxes. “There must finally be a convincing investment program for public infrastructure – for energy routes, mobility and education. A debt brake that prevents such government activities even with the lowest national debt ratio in the world and below-average government spending is therefore completely out of time.”
Source: Stern
