Policy paper addresses Germany’s debt problem
Kurt Biedenkopf is one of the authors of the policy paper on government debt in Germany
The Institut für den öffentlichen Sektor e.V. has published a policy paper on government debt in Germany and proposes specific steps for returning to sustainable and credible public finances.
Hertie School Honorary Chairman Kurt Biedenkopf and Board Member Manfred Overhaus, who are part of the institute’s Advisory Board, are among the authors. In the paper, they express concern that the level of public debt in Germany threatens to limit opportunities for future generations and they advocate substantive measures for reducing the debt burden as well as preventing the accumulation of further debt. The paper explores means of increasing transparency and emphasizes that municipalities can and must play a key role in improving Germany’s public finances. The authors have been adviced by Hertie School Professor Gerhard Hammerschmid who is also academic head of the institute.
The full paper “Runter vom Schuldenberg: Plädoyer für eine nachhaltige und transparente Finanzpolitik“ is available for download here [more]
Articles n the paper appeared in Handelsblatt [more]
