‘Merkel readies vast social investment plan’

Published on 24 June 2013 at 09:30

Cover

With three months left to run before general elections on September 22, Chancellor Angela Merkel’s Christian-Democratic Union (CDU) has announced a programme to upgrade a wide range of welfare benefits.

The planned measures, which, according to business daily Handelsblatt, will cost the German exchequer €28.5bn, include: increased family allowances, supplementary pensions for housewives, the introduction of a minimum wage for certain sectors, and further rent-capping measures.

In France Les Echos notes that the benefits overhaul will be “enthusiastically welcomed by voters but contribute to Germany’s deficit.” The Parisian newspaper adds that the plan is in “stark contrast to the bitter potion that Angela Merkel has proposed to her crisis-stricken neighbours.”

Receive the best of European journalism straight to your inbox every Thursday
Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic