Scholz’s Party Calls for Massive Public Spending Push in Germany
- SPD proposes new state fund to leverage private investments
- Germany needs an extra €100 billion a year in investment: SPD
The Reichstag in Berlin, Germany.
Photographer: Andreas Rentz/Getty ImagesThis article is for subscribers only.
Chancellor Olaf Scholz’s Social Democrats proposed loosening Germany’s constitutional borrowing restrictions to allow a massive increase in public investment, in a push likely to deepen the faultlines in the governing coalition.
While there is no suggestion of implementing the measures before Scholz’s current term ends in 2025, the plan shows how Germany’s biggest parties are already starting to position themselves for the next election.