Financial Insights That Matter
The credibility of Germany’s public finances has suffered due to the creation of special investment funds worth hundreds of billions of euros and they should be restored to the regular budget, according to the OECD.
After Russia invaded Ukraine last year, Chancellor Olaf Scholz’s ruling coalition created a €100 billion ($110 billion) fund to overhaul Germany’s military and another worth €200 billion to ease the burden from high energy prices on households and companies.
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