New German government faces public spending paradox
Economists predict that to meet these challenges, the country will have to spend around 50 billion euros a year.
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SPD candidate for Chancellor and current Finance Minster Olaf Scholz addresses a news conference in Berlin on November 11, 2021. (Photo by Tobias SCHWARZ / AFP)
By NewVision Reporter
Journalists @NewVision
Germany's new government has pledged to spend big on the economy, climate change and social security -- but without raising taxes or taking on more debt, leaving many asking where