German economist Michael Hüther: “The industrial situation is quite critical”

German economist Michael Hüther: “The industrial situation is quite critical”
German economist Michael Hüther: “The industrial situation is quite critical”

Delphine Nerbollier

Berlin

Published on May 23, 2024 at 8:24 p.m. / Modified on May 23, 2024 at 8:35 p.m.

In Germany, the debate on the debt brake continues to rage. In a report published last week, Michael Hüther, of the Institute of the German Economy (IW), close to employers, and his colleague Sebastian Dullien, of the Institute for Macroeconomics and Economic Research (IWK), close to unions, are calling for the establishment of a special fund of 600 billion euros of public investment over ten years. Objective: bring Germany up to speed in terms of rail, digital infrastructure, climate protection, education and housing.

This proposal would make it possible to circumvent the sacrosanct rule of the debt brake. Quite a symbol. Interview with Michael Hüther.

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