German finance minister defends borrowing for economic stimulus package

By |junij 17th, 2020|coronavirus, coronavirus economic response, coronavirus recovery plan, COVID-19, debt, Debt brake, economic stimulus, Germany, News, Olaf Scholz, SPD|

For once, Germany is not shying away from debt to overcome a crisis. With the second supplementary budget, the state's additional borrowing due to the coronavirus is raised to a total of €218.5 billion. But criticism is coming from the German Taxpayers' Federation. EURACTIV Germany reports.

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The unclear future of Germany’s ‘debt brake’

By |marec 4th, 2020|coronavirus, Debt brake, Ecofin, European Union, Germany, News|

According to media reports, finance minister Olaf Scholz (SPD) has tried to break German frugality rules and take on more debt. This earned him harsh criticism from the co-governing CDU/CSU Union and parts of the opposition and the ministry now denies ...

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