Coalition takes more time for stimulus package

In Berlin, the Union and the SPD are wrestling with the stimulus package, for which they want to spend up to 100 billion euros. But what exactly should the money go for? A spokeswoman for the SPD dampens the hope of a quick agreement.

CDU leader Annegret Kramp-Karrenbauer comes to the Federal Chancellery for the preliminary meeting of the Union parties.

Dhe leaders of the CDU, CSU and SPD are taking more time to discuss the multi-billion dollar economic stimulus package. Even before the coalition committee began on Tuesday afternoon, the partners agreed, according to an SPD spokeswoman, not to make a decision on Tuesday. The proposal came from the Union. It should initially be negotiated until 11 p.m. on Tuesday evening. The deliberations would then continue on Wednesday after the cabinet meeting, said a party spokeswoman for the Reuters news agency.

The basic idea of ​​the economic stimulus package is to stimulate the economy after the slump caused by the Corona crisis. To this end, the demand side is to be strengthened. There are around 60 proposals to discuss, said SPD leader Norbert Walter-Borjans before the negotiations began. “It will take a long time and will probably not end today either.”

There are already proposals that can be agreed, but also topics on which the opinions of the SPD, CDU and CSU diverge widely, said Walter-Borjans. From the SPD’s point of view, there should be no purchase bonus for cars with internal combustion engines. On the other hand, it is important to invest in future issues and to help families and over-indebted communities.

The list also includes tax relief for companies and investments in digitization and infrastructure, as well as incentives for research and innovation. As has been heard, the economic stimulus package is likely to cost 80 to 100 billion euros. The federal government will tax the largest share, but the states will also have to bear costs.