Certificates for the policy not once, but twice. The Federal government has graded itself and well. The opinion of the economy does not have quite so shiny. From Berlin, Sabine Kinkartz.
To this day, no Angela Merkel (CDU) and Olaf Scholz (SPD) can spoil anything the professionally radiated in a good mood. Smiling and in harmony with the Chancellor and her Vice look into each on it facing camera. In the Cabinet meeting in the Morning, where the long-awaited mid-term review of the Federal government is on the table and a little later, when the Advisory Council on the assessment of the overall economic development passes its annual report. “We are able to work and willing to work,” says Merkel. The message is: There is no reason for the Grand coalition to abandon.
As well, Christoph Schmidt, the Chairman of the Council of the economy, to bring only slightly more affordable at the end of reminders to the Chancellery. Although the researchers reduce their growth forecast to 0.5 percent this year. Thus, the upswing in the last few years had come “at least temporarily to an end,” says Schmidt. A recession is not to be feared. In 2020 there will be 0.9 per cent economic growth.
Climate protection, to stimulate the economy
Much of it may write to the government on their flags. 2020 would, for example, the decisions to increase climate protection in which the state promotes, among other things, Deutsche Bahn and environmentally friendly cars more than in the past. Sunshine does not want to spread Schmidt but. The coming decade will bring a “lot of cyclical and structural challenges”. The reports offer but a Wealth of proposals and analyses that could help the Federal government to set the course so that the German economy will cope with the structure change.
Angela Merkel and Olaf Scholz, take the advice. To the right of the economic way of Christoph Schmidt
The Merkel and Scholz more than located. Thus, the Advisory Council will meet what the government umtreibe, responds to the Chancellor in a friendly way. Of the 300 measures that the coalition had so far brought two-thirds on the way or already completed. “We will now take your advice re the pulses and look at what we bring in the remaining government time on the way.”
The SPD decides to
Until the fall of 2021, the legislature is officially on. Whether the Grand coalition can continue to work, depends on who will be the new SPD party Chairman. Vice-Chancellor and Federal Finance Minister, Olaf Scholz, who, together with his partner, Klara Geywitz in the ballot, use the Delivery of the annual report, to advertise for remaining in the government.
The coalition had presented a “profound balance sheet,” says Scholz. “But now it comes to the structural change that we can make the new prosperity cycles in our national economy is also possible, by organizing, for example the electric mobility in a way that brings you a breakthrough in Germany for Europe and far beyond.” The Same applies to the climate change and energy supply, the Expansion of renewable energies and the digitization.
Can stay in the black Zero?
The economy in your report, there is no need for a stimulus package of the Federal government, see, is likely to take Scholz pleased to note. As Finance Minister, he stands for a balanced budget, and to oppose steadfastly all claims, also from other EU countries to invest more and to take on new debt in the purchase. The Federal government will invest, including the climate change package in the next ten years, around 550 billion euros, said the Finance Minister to claim that the new ECB Boss Christine Lagarde.
Tailwind gets Scholz from the economy Volker Wieland ways. The says it is a myth that in Germany, too little is being invested. Especially in the road construction had been sustained money in the Hand. In view of the upcoming economically challenging years, but it is important that the state get financial leeway. Germany had to be a “role model” for Europe, says Wieland.
It’s a lot of construction in Germany, saying the economy
Business associations are calling for tax cuts
For the German economy, the annual report, but also the mid-term review of the Federal government are a reason to demand more economic and industrial policy. “The government is proud to have 60 percent of the coalition agreement is implemented. Our Problem, however, is that during the Writing of this contract two years ago, in the face of rising employment, bubbling, tax revenue, and full of social-security funds, economically Necessary simply have been overlooked,” criticizes foreign trade-President Holger Bing man.
The investment power of small and medium-sized companies suffer from the tax burden. “International competition has become much tougher in recent years, the old and the new competitors are ready to distribute the fur of the bear.” Also, the German chambers of industry and Commerce (DIHK) calls for the facilitation. “Starting with a Reform of the tax system, in particular, should be on the strengthening of the equity capital of enterprises”, calls DIHK managing Director Martin Wansleben.