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Searched for Debt financing.
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Displaying results 1 to 10 of 308.
Found 308 results.
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Press Releases // 07.11.2024the coalition has collapsed. It’s also short-sighted to think that adhering to the debt cap will be the solution. The debt brake has triggered the coalition collapse, but it’s not its root cause. Germany [...] German Chancellor Olaf Scholz has dismissed finance minister Christian Lindner and announced a vote of confidence for January. Commenting on the coalition collapse, ZEW President Professor Achim Wambach
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Publications // 31.10.2024
macroeconomically significant debt has been incurred via the European Union (EU) budget for the first time. It is controversial whether this marks the start of continuous EU debt. This article analyses the [...] NGEU structure between EU debt that is used (i) for loans to Member States, (ii) for grants to Member States and (iii) for EU programs. It shows that the unexpectedly high financing costs of the EU make the [...] the first two uses less attractive. The financing costs also speak against the third option, as does the Member States’ focus on reflows and the rather declining consensus on desirable European public
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Press Releases // 24.10.2024Ministry of Finance’s Working Party on Tax Revenue Estimates presented the results of its new analysis today. Friedrich Heinemann, head of the Research Unit “Corporate Taxation and Public Finance” at ZEW Mannheim [...] health care to pensions. Prioritisation is now essential. Even slightly higher debt levels after a potential reform of the debt brake wouldn’t change this. What we need now is a responsible fiscal policy [...] as challenging as it is today. Following the shock of the Federal Court of Justice’s ruling on the debt brake, which ended the practice of creative off-budget accounting, the economic downturn is now hitting
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Press Releases // 10.09.2024
countries with sound public finances have an unfair advantage in the single market, distorting it. However, he barely addresses the risks posed by unsustainable public debt in highly indebted countries [...] the focus, as in all high-profile reports on behalf of the Commission, is on large additional debt-financed EU programmes. The idea is to mobilise hundreds of billions of euros through regular EU bond issues [...] Ursula von der Leyen. Friedrich Heinemann, head of the Research Unit “Corporate Taxation and Public Finance” at ZEW Mannheim and professor at Heidelberg University, has commented on this matter: - “Draghi’s
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Press Releases // 08.07.2024
came in third. Friedrich Heinemann, head of the ZEW Research Unit “Corporate Taxation and Public Finance” and professor at Heidelberg University, has commented on this matter: - “The outcome of the French [...] little chance, given the Franco-German disagreement on the direction of the integration project. New EU debt is also likely to be off the table. Financial solidarity during COVID-19 was justified because the [...] and European policy of fiscal responsibility. The expected further deterioration of French public finances would be clearly self-inflicted. It is hard to imagine that a German government would back the financial
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Publications // 27.06.2024
2023 on the federal government’s supplementary budget, public finances have been on everyone’s lips. Shadow budgets, special funds, and EU debt are fuelling the debate on proper and transparent budget management [...] Against this backdrop, the June edition of our ZEW Monthly focuses on the topic of “Public Finances”. In collaboration with Deloitte, the ZEW team has developed a concept for target- and
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Press Releases // 01.07.2024Heinemann, head of ZEW’s “Corporate Taxation and Public Finance” Unit. “Policymakers need to better prioritise the available budgetary funds. A reform of the debt brake, together with a verifiable increase of the [...] Discussions on easing Germany’s debt brake are gaining momentum. Given the urgent need for future investment in infrastructure, education and digitalisation, a possible relaxation of this fiscal rule is [...] . However, a study by ZEW Mannheim, supported by the Strube Stiftung, concludes that relaxing the debt brake would likely lead to increased consumptive spending, which would benefit short-run interests
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News // 25.06.2024
easing the debt brake to finance tax cuts? I don’t understand why easing the debt brake is often mentioned as the only way to address these problems. We certainly have some leeway with debt, but it’s not [...] cost the finance minister tens of billions. Where will the money come from? The French and British managed it. HB: But they don’t have a debt brake. That’s true. France accepted higher new debt. But that’s [...] not that significant. So, the discussion about the debt brake is a distraction: The state cannot bear the necessary investments for the transformation alone; we need private capital. Therefore, we need
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Projects // 01.05.2024
For the green transformation of the European economy to succeed, large sums of equity and debt financing will have to flow into green projects over the next few years. As the public sector cannot achieve [...] y for financing the green transformation. A policy workshop and a survey of financial market experts will follow at the beginning of 2025 on the topic of transition finance. The aim [...] European banking system and the European capital markets will have to play an important role in financing the green transition. In addition to strengthening the European equity markets (stock markets, private
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Press Releases // 03.06.2024
interest rates and debt, following the path of Italy. Secondly, hopes for new cheap EU loans evaporate when such an important Member State is no longer a fully reliable guarantor of EU debt. Much of the r [...] France’s credit rating. Friedrich Heinemann, head of the Research Unit “Corporate Taxation and Public Finance” at ZEW Mannheim and professor at Heidelberg University, has commented on this matter: - “France’s [...] responsibility now lies with the European Commission and the ECB. Within the framework of the reformed debt rules, the Commission must put pressure on France to start consolidating. The ECB should avoid giving