Merkel challenger calls for public investment
Germany should be legally bound to invest in infrastructure, the centre-left challenger to Chancellor Angela Merkel at September elections said yesterday. Berlin “must use its money to improve public infrastructure according to binding rules,” Social Democratic Party (SPD) candidate Martin Schulz said at a campaign event in the German capital. Schulz did not call for the lifting of the “debt brake” built into the German constitution by Merkel’s conservative government in 2009, which sets legal limits on deficits in federal and regional budgets. Berlin has booked budget surpluses in recent years and reduced its debt levels under finance minister Wolfgang Schaeuble. German public spending is a hot topic at home and abroad.