The Chancellor was scolded as "Madame No" – but the coalition’s economic stimulus measures can also be seen in international comparison – but there is still room to refuel. And in view of the extent of the economic crisis, it will probably also be necessary to saddle up. An analysis.
Angela Merkel (CDU) has been called "Madame No" because last autumn she persistently refused extensive economic stimulus programs. The Chancellor no longer wears the disgraceful name. Why also? Finally, the federal government has launched two economic stimulus programs, which not only in the opinion of the Federal Minister of Finance "can be seen". In fact, at 3.5 percent of German gross economic output over two years, they are larger than the programs in France and Great Britain. According to a current study by the International Monetary Fund, only China and Saudi Arabia outperform the Federal Republic in terms of spending to stimulate the economy and stabilize the economy.
Economic stimulus packages are impressive
In the meantime, public opinion has got Merkel, Steinbruck and Co. to add some shovel – but also to group various government measures under the umbrella term "stimulus package" in order to "make mass": That was a bit of a misnomer with a rather incoherent collection of instruments. However, each of them does not have to be bad – even if it may also be about "buying votes", as the opposition criticizes.