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Showdown to stimulus package: Even economic institute against CSU demand - "the hangover follows"

2020-06-03T14:34:18.754Z


The GroKo wants to put together an economic stimulus package on Tuesday. But there are arguments. Even economists warn of auto help. Even the Greens seem split.


The GroKo wants to put together an economic stimulus package on Tuesday. But there are arguments. Even economists warn of auto help. Even the Greens seem split.

  • The German economy is suffering from the Corona crisis - a multi-billion euro stimulus package should help.
  • The coalition committee wants to find a solution on Tuesday (June 2) . But there is a risk of argument.
  • The "scrappage bonus" is a particular focus. Several countries are calling for it - but economic experts are warning.

Berlin / Dresden - An often reviled medium of economic policy is making a comeback in the corona crisis - and could struggle for a stimulus package as early as Tuesday afternoon when the heads of the GroKo meet in the chancellery: the scrappage bonus .

Merkel's GroKo in billion-dollar poker: scrappage bonus divides parties from SPD to Greens

The mixed situation is somewhat bizarre - because the fronts run across (almost) all party borders. The CDU and large parts of the SPD are against a re-allocation of the car purchase premium. So warned Union Group Chief Ralph Brinkhaus especially before printing the lobby on this issue. The SPD faction vice Sören Bartol and Matthias Miersch were also clearly negative at the weekend.

But there are also big supporters. Including the SPD prime minister of the VW state of Lower Saxony, Stephan Weil, and even a Greens with Winfried Kretschmann . As Baden-Württemberg's father, he heads the heavily automotive “Ländle”. And received criticism from its own ranks at the weekend. If only very cautious.

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View of the (economic) engine: Winfried Kretschmann (Greens) visiting Daimler.

© dpa / Franziska Kraufmann

There is also approval from the home of BMW and Audi . State head Markus Söder (CSU) reiterated in the Welt am Sonntag his call for incentives to buy new cars: "We are taking old cars off the market and replacing them with clean vehicles of the latest generation." According to his CSU colleague and Federal Minister of Transport Andreas Scheuer , the premium should be even apply to cars with internal combustion engines . You have to "get the heap empty so that it can be reproduced," he said in an interview with the newspapers of the Funke media group .

Scrappage bonus in focus: Institute warns of "flash in the pan" - and negative effects for other industries

Quite piquant: Even a new overview study by the business- related Ifo Institute leads to a more or less devastating judgment on the scrapping premium. In the 2008/2009 financial crisis , the premium boosted car sales, study director Felix Rösel said on Whit Monday. "However, the hangover followed the party," he added.

According to 15 "data-based studies" on scrapping premiums in various countries - including Germany and the United States - the ifo experts concluded that the premium primarily ensures that car purchases are brought forward. The new paper reads that it is “little more than a flash in the pan”.

"The bottom line is that most studies give no indication that the premiums sell more cars," said Rösel. Even more: other sectors could suffer from the measure. "Those who prefer buying a car have less money for furniture at the moment," said the expert. "The plus of the automotive industry can therefore quickly become the minus of other sectors."

GroKo stimulus package: Greens in trouble too - Hofreiter avoids announcement to Kretschmann

But the topic is delicate. The auto industry is calling for help. And even in the number one eco party, they are afraid to give clear contra. The Green Group leader Toni Hofreiter , who is rarely embarrassed by clear words, for example, told the taz that Kretschmann came “in this case to consider, I to another. But you can't deny him credibility there ”.

"The longer the stiffness lasts, the more dangerous it becomes," said the President of the Association of the Automotive Industry (VDA) , Hildegard Müller, lastly. Short-time workers threatened to "become unemployed in many industries". However, dividend payments from car manufacturers, who are now hoping to receive funding through purchase bonuses, also cause controversy.

The potentially costly scrappage bonus is by no means the only item on the wish list of GroKo politicians. In total, it could be around 75 to 80 billion euros - distribution unclear. Söder had requested an upper limit of 100 billion euros. An overview:

Coalition negotiates economic stimulus package - GroKo's long wish list:

Tax cuts: The SPD has proposed to partially abolish the solidarity surcharge from January 2021 to July. CSU boss Markus Söder is in favor, he calls a tax cut "mandatory". Union faction leader Ralph Brinkhaus says that it is not technically feasible to prefer soli abolition to July.

Help for municipalities: Finance minister Olaf Scholz (SPD) wants to discharge old debts to heavily indebted municipalities - cost point for the federal government: 22.5 billion euros - and to compensate for the breakdown of trade tax revenues; the federal government is to give 5.9 billion euros, the federal states the same amount. The Union is strictly against it

Help for employees: Scholz wants to double the duration of short-time benefits * from a maximum of one year to two years - but only temporarily.

Help for families: The SPD wants a one-time family or child bonus of 300 euros, especially for normal and low-wage earners. Söder considers a family bonus to be "sensible". The Union is skeptical. Brinkhaus has flatly rejected a higher Hartz IV rate.

Aid for small businesses:  According to Scholz's proposal, emergency aid for small businesses, the self-employed and freelancers - a total of 50 billion euros have been planned so far - should be extended, especially for sectors that are particularly affected, such as gastronomy, travel agencies, pubs or showmen. The aid does not have to be repaid.

Aid for the railways:  Minister of Transport Andreas Scheuer (CSU) wants to give the railways 5.5 billion euros to increase equity. 2.6 billion euros are to flow into the modernization of the railways. A paper from the Ministry of Finance also mentions the equity increase at DB.

Money for digitization:  Scheuer proposes 8.5 billion euros for investments in the digital infrastructure. Brinkhaus calls the rapid digitalization of administration a central project in the economic stimulus package. A surge in digitalization in public administration is also considered necessary at Scholz.

Money for "innovative fuels":  Scheuer plans to invest 1.9 billion euros in the research and development of alternative drives and fuels. Scholz, for example, also includes the establishment of a hydrogen infrastructure as one of the possible measures in the Corona crisis. Minister of Education Anja Karliczek (CDU) demands a total of ten billion euros - among other things to promote green hydrogen.

fn / AFP / dpa

* Merkur.de is part of the nationwide Ippen-Digital editors network.

Source: merkur

All news articles on 2020-06-03

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