German Greens Want to Persuade Voters to Power Economy With Debt
- A 500 billion-euro spending proposal involves looser borrowing
- No. 2 German party pitches it as a self-financing growth plan
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Germany’s Greens are betting they can convince crisis-weary voters that now is the time to keep on spending.
The party -- Germany’s second-strongest in recent polls -- has proposed investing 500 billion euros ($600 billion) over 10 years to tackle climate change and transition to a clean economy. The investment, direct on the heels of a pandemic-related spending spree, would be financed by borrowing and taxing the wealthy and big tech companies.