19 minutes agoScholz his people: Facing the Price Crisis Together
Periskopi(4 years ago)
(4 years ago)In a podcast video, Chancellor Olaf Scholz said price hikes are very disturbing. Ministers, unions, federal banks and academics gather to discuss the situation. German Chancellor Olaf Scholz urged citizens to jointly face the country's economic problems, because inflation in the German economy continues to remain high. On video [...]
Ministers, unions, federal banks and academics gather to discuss the situation.
German Chancellor Olaf Scholz urged citizens to jointly face the country's economic problems, because inflation in the German economy continues to remain high.
In his weekly video scorer Chancellor Scholz acknowledged that price hikes are bothering many citizens in Germany and urged citizens to support and support each other.
According to the latest data, prices in June rose by 7.6% compared to a year ago, and Schelz said he would organise an expert meeting to address the living costs crisis.
The Chancellor said trade unions, employers, representatives of the Central Bank (Bndesbank) and academics have invited the meeting.
The campaign, dubbed “Concerted”, recalls similar efforts by former Western German candidates in the 1960s and 1970s.
Lasting salary growth or annual extension
Economists and politicians have put some ideas in recent days to ease the burden of costs on citizens.
Labour Minister Hubert Hale suggested paying an annual extension to singles who earn less than 4,000 gross euros a month and for married couples who earn less than 8,000 euros together.
Experts from the German Institute for Economic Research (DIW) said the simultaneous payment of an annual extension offers only temporary relief. “Only higher wages and social benefits can steadily compensate damage to low-income citizens,” DIW, Marcel Fratzcher for the news agency dpa.
Social Democrat politician Saskia Esken called for increased assistance and social support in adapting to rising inflation.
In addition, it also called for a significant and permanent raise in wages, particularly low wages.
The CDU economic expert, Julia Klöckner, called for a permanent tax cut, among other things, on energy.
High inflation in Germany deteriorated by Ukraine's Russian invasion. DekaBank's chief economist, Ulrich Cutter, told Reuters news agency that he does not think prices will be reduced to a near future. Cutter said that “by the end of the year should count on an inflation increase of up to about 7%”. / DW/
