Germany Must Do More

ARCHIV - Blick am 15.09.2014 auf die Fehmarnsundbrücke auf der Insel Fehmarn (Schleswig-Holstein). Die Fehmarnsundbrücke wird am 26.09.2016 im Rahmen der Neuplanungen mit Drohnen und Laserscannern für ein dreidimensionales Modell vermessen. Foto: Bodo Marks/dpa +++(c) dpa - Bildfunk+++
Germany is not an island and should invest, say its neighbors.
  • Why it matters

    Why it matters

    Future prosperity and jobs will depend on boosting the public and private investment that is lacking in Germany, writes the author.

  • Facts


    • The IMF last week called on European governments to do more to strengthen private and public investment.
    • A more €300-billion fund known as the Juncker plan is the European Commission’s response to lagging investment in Europe since the financial crisis.
    • Spending to maintain Germany’s transportation infrastructure is almost €10 billion less than what’s needed annually.
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Europe continues to be mired in economic crisis. The International Monetary Fund has issued fresh, insistent warnings about feeble investments and another downturn.

The IMF is calling on European governments to do significantly more to strengthen private and public investments and to finally kick-start the European economy.

But it is above all Germany that continues to refuse a fundamental reconsideration of its economic policy. And it would be a grievous error if the German government withdraws support for the Juncker plan for European investments, as several members are hinting.

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