“Guns and butter”: Ifo boss believes cuts in social benefits are inevitable. Finance Minister calls for a multi-year moratorium on social spending and subsidies in order to meet the desired defense budget.
Chancellor Olaf Scholz made people sit up and take notice at the Munich Security Conference with statements that triggered a renewed debate about possible cuts in pensions and social spending. If you want to double defense spending and at the same time comply with the debt brake, you have to make savings elsewhere.