Robert Habeck, the Greens’ top candidate in Germany’s upcoming elections, sees a need for state investments in the country that will initially total around 40 billion euros.
“We need about €40 billion plus or minus as initial financing for this German fund over a longer period, about ten years,” he said in Berlin in an interview with broadcaster RTL.
The idea of a debt-financed ‘Germany fund’ is included in the Green Party’s manifesto for the elections due to take place on February 23. This fund is intended to finance investments in areas such as schools or infrastructure.
The investment backlog in Germany would be in the order of three billion euros, the report states.
“These are the missing infrastructure investments, the crumbling bridges, the unrenovated schools, the unpunctual rail line,” Habeck said.
The Greens plan to take out loans to get the country back on track.
However, the centre-right bloc wants to finance everything from the current budget, which, he added, is not even mathematically correct.
