MASSIVE FISCAL PACKAGE OUT OF BERLIN: 12-20%+ of GDP.
- 500 billion fund for public investment
- All defence spending above 1% of GDP not counted for debt brake.
- Federal states can borrow 0.35% p.y. for investment.
Germany is back - economically and militarily.
1/x
- 500 billion fund for public investment
- All defence spending above 1% of GDP not counted for debt brake.
- Federal states can borrow 0.35% p.y. for investment.
Germany is back - economically and militarily.
1/x
Comments
Stagflation incoming!
and yes, its clever manevouring
It will be forgotten but I seem to recall the SDP saying something funny about how there's no such thing as a SDP or CDU finance minister only a German one....
*knock on door*
"Guten tag..."
https://www.youtube.com/live/iqrsS8wR_uM?si=Q5TRFdLrDZ9B318P&t=1390
It has a chance now, before the new parliament is assembled.
Barely any chance after.
Wonder if all the infuriating "what is Europe doing" reply guys will notice this...
"Europe is cheering on German rearmament"
2027: first EUDF armoured division smashes Russian forces in Crimea.
2028: Ukrainian army dynamites the Kremlin and establishes Russian provisional government
Focus of the package is on defence and infrastructure. But money is fungible: tax cuts can be paid by reshuffling into special fund.
2/x
Just that the ppl. now giving the presser were blocking it. 😮💨 so tired of that crap.
Very good! It’s coming late, but better late than never.
The new government has not yet been formed, and the old government is still in charge.
Voters of Die Linke and the “AfD” will likely see it differently. The rest of society (70%) will be relieved and support the course.
He also wanted to overturn the “Heating Law” and immediately deliver the Taurus cruise missiles to Ukraine.
Guess what he actually did! 🙃
Germany, the EU, and Ukraine have lost three years.
It’s a farce.
https://www.dw.com/en/germanys-cdu-spd-agree-on-major-financial-package/a-71828023
Private consumption, industrial production, and confidence have been down for years (See chart).
Balanced package of defence, industrial policy, public investment and tax cuts will drive op demand, consumption and growth.
3/x
Private household consumption and industrial production grew in line with German GDP, alternating as engines of growth. That is no longer the case.
4/x
Fiscal policy that targets both will help.
So after years of not expecting growth, I’m raising my German growth estimates: Germany is back.
5/5.
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PLUS defence. Estimate 400/10Y
PLUS: 0.35 per year at state level.
Yes. Time to organise and hope.
bad news is, we sill need saving from that.