German Economy Minister proposes to reduce …

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“The value of state holdings has increased significantly in recent years – that’s why we need to consider which state holdings can be reduced,” Peter Altmaier told the Welt am Sonntag newspaper. “It will also bring money into state coffers that we can put to good use for future investments.”

Federal government enterprise holdings range from listed companies such as Deutsche Telekom AG and Deutsche Post AG, airport operators and the railway company Deutsche Bahn AG, to cultural and scientific institutions and construction cooperatives. Germany is also the largest shareholder in Commerzbank AG.

Tax increases would “poison the economy” because Germany already has high taxes, even by international standards, Altmaier said. “We can borrow money at very low or even negative interest rates. “

According to a report by Spiegel, Germany is considering another suspension of its constitutional debt brake in 2022. The news magazine quoted finance ministry sources as saying that just under € 60 billion ( $ 72.8 billion) of new debt is expected.

He predicted that industrial production will return to pre-crisis levels by the middle of next year and increase by 3% or more this year if the pandemic is successfully tackled.

“This is the best precondition for us to get back to the normal level of the debt brake,” said Altmaier.


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