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Scholz Proposes Investment Fund for Germany Worth €100 Billion
Chancellor Olaf Scholz proposed setting up an investment fund worth at least €100 billion ($106 billion) to help pay for the modernization of German infrastructure. In a speech Saturday at a campaign event in Berlin, Scholz said establishing such an entity, which would include both public and private cash and could later be topped up, would be possible immediately and wouldn’t require any changes to Germany’s constitution. The money could be used for investment in areas such as energy infrastructure or home construction, Scholz told delegates from his Social Democratic Party. He also pledged to introduce a tax ... (full story)
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- Posted: Nov 30, 2024 3:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,502
