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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Hedgehog on February 05, 2009, 02:11:37 PM

Title: Germany launches new 50 billion €uro stimulus
Post by: Hedgehog on February 05, 2009, 02:11:37 PM

Germany is launching a second economic stimulus package, adding to the 30 billion euro package they launched in November.

This 50 billion package includes:

* 2 500 euro (cerca $2 900)  wrecking bonus. Given to those who trade their old cars in at the wreckingyard and buy a new one.

* 18 billion euro in infrastructure (cerca $20 billion)

* lowered taxes on a number of things.

and a few other things I cannot recall at the moment.

However, this stimulus package will cause Germany to balance dangerously close to EU's budget rules of overspending more than 3%.

Title: Re: Germany launches new 50 billion €uro stimulus
Post by: Saxon on February 05, 2009, 02:33:12 PM

I wonder how effective that "wrecking bonus" is going to be.  If you are the current owner of a car worth less than 2500, are you really going to be in a position to buy a new car?