The FDP wants information from Süddeutsche Zeitung discuss the realignment of the Bundesbank during the coalition talks. It is crucial that the previous course in monetary policy is maintained with a new personality at the top, party circles said. Stability policy must not only be an objective of the new federal government, but also of the Bundesbank. The population had high expectations for this. The previous Bundesbank President Jens Weidmann wants to give up the post early for personal reasons at the end of the year. (10/20/2021)
FDP defends itself against hidden debts
The FDP continues to oppose the plans of the SPD and the Greens to finance state investments through loans from public companies. “There will be no circumvention of the debt brake, in whatever form. It is recorded in the exploratory paper,” said FDP Vice-President Wolfgang Kubicki Rheinische Post. “You can be assured that in the end there will be sufficient funding proposals for our projects. We need a solid budget policy and more creativity in the discussion, which we then conduct internally,” said Kubicki. “In addition, 90 percent of all investments are private investments. We decided to stimulate these together in the exploratory paper.”
The three partners had already agreed in the twelve-page exploratory paper that they presented on Friday that the debt brake anchored in the Basic Law will not be relaxed. This possibility was lost by the outcome of the federal election, said Greens boss Robert Habeck on ZDF. He pointed out that a change of course would require a change in the Basic Law, for which the Union would also be needed – which, however, would face a traffic light coalition as the strongest opposition force and, like the FDP, is a staunch advocate of the debt brake.
But the existing debt brake also allows “a limited amount of credit financing,” said Habeck’s co-boss Annalena Baerbock to the newspapers of the Funke media group. In addition, there are public companies such as Deutsche Bahn AG or the Kreditanstalt für Wiederaufbau, which are already financing part of their investments by taking out loans. SPD leader Norbert Walter-Borjans also said in an interview with the Funke media group: When investing in the future, partial financing with loans is justified. In addition, there would be the “possibilities of state institutions such as development banks”.
“It will not fail because of the money to make Germany climate neutral,” said Habeck. There are a number of proposals in the room so that public and private investments increase significantly. Habeck and Baerbock spoke of around 50 billion euros in necessary investments annually. They left details open, but referred to a passage in the exploratory paper, according to which the budget should be “checked for unnecessary, ineffective and environmentally and climate-damaging subsidies and expenditures”.
Baerbock also insisted that the contents of a possible traffic light coalition would first have to be tied down before the distribution of the ministries could be discussed. The background to this are public demands from FDP politicians that FDP leader Christian Lindner should become finance minister. After that, Green politicians had also claimed the department for their party. (10/20/2021)
A traffic light coalition will be negotiated from Thursday
The coalition negotiations on a new federal government made up of the SPD, the Greens and the FDP start on Thursday. After a first top round, almost 300 participants will be included in 22 working groups from next week, as SPD leader Norbert Walter-Borjans announced. Intensive discussions will then be given in 22 working groups, presumably from Monday onwards. “There are 96 people from each party involved,” added the SPD leader. His party has already named their staff for this.
The working groups at the SPD are not headed by members of the main negotiating group, which, as in the exploration, consists of Scholz, Walter-Borjans, co-party leader Saskia Esken, general secretary Lars Klingbeil, parliamentary group leader Rolf Mützenich and the Rhineland-Palatinate Prime Minister Malu Dreyer. At the head of the groups are politicians from the federal and state levels. SPD vice-party leader Kevin Kühnert heads the group for “Building and Housing”, vice-parliamentary group leader Matthias Miersch the climate chapter – this group also includes Federal Environment Minister Svenja Schulze. The Finance Minister of Rhineland-Palatinate, Doris Ahnen, is to be in charge of “Finances and Budget” and Lower Saxony’s Minister of the Interior, Boris Pistorius, for “Flight, Migration, Integration”. Federal Minister of Labor Hubertus Heil leads the group to his department. (10/20/2021)
Baerbock: Didn’t give a majority for the speed limit
For a general speed limit, there was no majority in the traffic light explorations with the SPD and FDP, according to Green co-leader Annalena Baerbock. “That hurt us,” she said on Deutschlandfunk. However, this would only have been a small measure for the climate, actually more important for traffic safety. Otherwise the Greens would have achieved a lot in the area of climate, assured Baerbock – an early phase out of coal, an expansion of renewable energies, a solar roof requirement and clear guard rails for industry. This means there will be a chance to meet the climate targets in the future. The soundings initially laid the cornerstones. “Of course everything has to be relined.”
Particularly as far as the money is concerned: “The exact financing calculation will then follow in the coalition negotiations,” said Baerbock. Most recently there was criticism of the exploratory paper of the Ampel partners because it is still imprecise when it comes to the specific financing of projects. “That was one of the toughest topics,” said Baerbock. Here the Greens and the FDP would have been far apart. For the modernization of the infrastructure alone, however, 50 billion euros per year are necessary – to be lifted “through societies”. Baerbock does not provide any details on this form of secondary households.
Regarding the criticism of the lack of funding, SPD General Secretary Lars Klingbeil said on ZDF that there was already money in the budgets. In addition, growth will lead to more tax revenue. “We are just seeing that the economy is picking up.” And finally, the agreed global minimum tax will wash almost six billion euros into Germany’s coffers. (10/18/2021)