Germany must utilize fiscal policy to support economy – Habeck
2022.09.22 12:19
© Reuters. FILE PHOTO: German Economy Minister Robert Habeck addresses members of the German lower house of Parliament, or Bundestag, during a debate on energy supply, in Berlin, Germany September 22, 2022. REUTERS/Michele Tantussi
BERLIN (Reuters) – Germany must fully utilize its fiscal policy to preserve the economy and keep business and industry investments, Economy Minister Robert Habeck said on Thursday.
Habeck said the ability of German business and industry to invest was a little worrying given high energy prices, adding that being forced to replace Russian energy imports will cost Europe’s biggest economy some 60 billion euros ($58.89 billion) this year and 100 billion next year.
Chancellor Olaf Scholz will sign contracts to secure liquefied (LNG) during his trip to the United Arab Emirates at the weekend, he added.
($1 = 1.0188 euros)
