Scholz Proposes €100 Billion Investment Fund for Germany
- Chancellor speaks at SPD campaign event ahead of snap election
- Also proposes tax rebate branded as ‘Made in Germany bonus’
Olaf Scholz speaks at the SPD's "Election Victory Conference", Nov. 30.
Photographer: picture alliance/Getty Images
This article is for subscribers only.
Chancellor Olaf Scholz raised the stakes in the campaign for Germany’s snap election by proposing an investment fund worth at least €100 billion ($106 billion) to help pay for the country’s modernization.
In a speech Saturday at a Social Democratic Party event in Berlin, Scholz said the fund, which could later be topped up, should include both public and private money and could be used for investment in areas such as energy infrastructure or home construction.