Despite a budget surplus, German Finance Minister Olaf Scholz wants to reduce public investment from 37.9 billion euros in the coming year to 33.5 billion euros by 2020. This week we catch up with Handelsblatt Global editor-in-chief Andreas Kluth to find out how this might affect Germany’s international standing.
Kluth says: “The top demand that the world has of Germany …is that it increases public investment dramatically to decrease its trade surplus, which is the world’s biggest, so everyone was hoping for Germany to spend more and now he’s (Scholz) spending less.” Kluth says by not doing so, Minister Scholz and Germany are making “a disastrous statement.”
In addition, this Friday, Europe’s biggest conference on digital culture, Re:publica comes to an end in Berlin. FDP leader Christian Lindner suggested a digital ministry for Germany in an interview with RBB broadcaster Inforadio. Kluth says: ” Don’t start another ministry.”
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