Merkel Warns ‘Gigantic Sums’ Needed to Meet Germany’s Challenges
- New technologies will require state funds, chancellor says
- Next government will face funding pressure after elections
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Chancellor Angela Merkel said Germany needs massive investment even after the coronavirus pandemic subsides, indicating that the next government may struggle to bridge the funding gap.
Both the state and companies in Europe’s largest economy will need to invest in new technologies and the scale of the challenges will require new forms of cooperation, Merkel said Tuesday at an industry conference. In areas like microchips, quantum computing and batteries, the public sector will have to help with financial aid.