Relief instead of new debts
Scholz: Don’t talk Germany into a crisis
September 16, 2023, 8:11 a.m
According to the Chancellor, “endless debt” will not end Germany’s weak growth, but will only create new problems. Instead, Scholz wants to relieve the burden on companies and also take a close look at the opposition’s ideas.
Chancellor Olaf Scholz has spoken out against economic stimulus programs. “Endless debt does not solve our problems, but it creates new ones,” said the SPD politician to “Welt am Sonntag”. It’s about “unleashing our country’s growth dynamics.” This is the strength of his federal government’s Growth Opportunities Act.
The Growth Opportunities Act is intended to stimulate the sluggish economy. It provides tax relief for companies worth a good seven billion euros per year, in particular an investment bonus for ecological conversion.
Scholz warned against “talking Germany into a crisis.” The Chancellor does not see Germany in a recession. Rather, the country is struggling with a “weak growth,” he said. The main reason for this is that the export markets, especially China, are weakening. “This has an impact on an export nation like ours,” emphasized Scholz. At the same time, Germany is dealing with “high inflation and increased energy prices, which are a consequence of the Russian attack on Ukraine.”
The Union can also help
In view of the problems, the Chancellor called for a “national effort”. According to his own statements, he also wants to approach the Union. In order for our country to move forward, “all levels of government and those responsible” are needed, said Scholz. “After all, we have all created these encrusted structures together over the past decades.”
A constructive opposition could contribute to this show of strength with its suggestions, said Scholz. He is “ready” to “look closely at every specific proposal.” After all, it’s “not about party political profile, but about the future of our country.”