German opposition parties have demanded Chancellor Angela Merkel’s
government to clarify its position on the approach to the application of
a broad austerity plan, media reports revealed commissioning and
Finance Minister Wolfgang Schaeuble and his ministry staff prepared, to
be applied after the general election in the country on September 22 /
September 2013.
And crossed the Social Democratic parties and the Greens and the Left was not convinced denied by the Ministry of Finance prepared for the austerity plan after the elections, and accused the three parties the current German government insisting on achieving a stable budget at the expense of the poor and low-income people.
The weekly Der Spiegel has revealed – according to official document obtained – ratification Finance Minister on a plan to austerity measures and a wide prepared by experts of his ministry to be applied after the election to address the continuing crisis of sovereign debt in the euro zone, the magazine quotes the words of Schaeuble at the forefront of his plan “that there was a need to procedures austerity, because the reduction of debt is no longer enough to face the repercussions of the financial crisis, and retention rates in the general budget deficit appropriate ratio that allows the German constitution. ”
Taxes and burdens
The plan includes Schaeuble of austerity – and according to Der Spiegel – Cancel reduced VAT rate of 7% on food, books, tickets, local transportation, and dissemination of the imposition of this tax by 19% on all goods and services, and is expected to achieve this procedure a great return for budget German up to 23 billion euros a year.
Under the austerity plan supposed to reduce the contribution of the public treasury in the National Fund for Health by ten billion euros, and compensate for the lack of this amount to raise the income tax in the form of fees solidarity with Health Fund, and adopt the plan cancel the legal age of retirement (67 years) and work permit after this age, and harder possibility Get an early retirement pension, and raise the proportion of the devaluation of early retirement from 3.6% to 6.7% of the normal value of the pension.
The plan also called for austerity Schaeuble – by Der Spiegel – to reduce the pensions of widows and reducing allocations for social projects, and finance the construction of roads and streets and the construction and maintenance of educational institutions through fees and taxes.
Saadawi: leak Schaeuble austerity plan would negatively affect the popularity of his ruling Christian (Island)
And raised detect austerity measures supposed criticism from opposition parties, which demanded the Government of Chancellor Merkel Bmassarahh citizens and Parliament details of these procedures, and saw the SPD that Merkel and Minister of finances Schaeuble “insisting to continue their policy is social to make budget stable at the expense of the poor and low-income.”
The president of the parliamentary bloc of the Left Party, Gregor Djezzy that there is no smoke without fire, and said he did not believe a single word of denial and the Ministry of Finance and a plan for austerity.
Negative repercussions
For his part, warned financial analyst on the Frankfurt Stock Exchange Securities that Schaeuble plan leak of austerity to the media will have bad repercussions on the ruling Christian Democratic Party led by Chancellor Angela Merkel, and is running and the Minister of Finance as Vice President in it.
Tibi described the austerity Saadawi list published by the magazine Der Spiegel as tough measures targeting the social sphere, and there is no justification for its implementation in a country with a strong economy like Germany which until now has been untouched by the crisis of the euro.
He guessed Saadawi – in remarks to the island – that the application of list of austerity picture that was published by the protests and social unrest, but less sharply than being in Greece and Spain.
Saadawi said all indications which you would expect after the German parliamentary elections raise VAT to a level of 19% on all goods and services without exception.
And crossed the Social Democratic parties and the Greens and the Left was not convinced denied by the Ministry of Finance prepared for the austerity plan after the elections, and accused the three parties the current German government insisting on achieving a stable budget at the expense of the poor and low-income people.
The weekly Der Spiegel has revealed – according to official document obtained – ratification Finance Minister on a plan to austerity measures and a wide prepared by experts of his ministry to be applied after the election to address the continuing crisis of sovereign debt in the euro zone, the magazine quotes the words of Schaeuble at the forefront of his plan “that there was a need to procedures austerity, because the reduction of debt is no longer enough to face the repercussions of the financial crisis, and retention rates in the general budget deficit appropriate ratio that allows the German constitution. ”
Taxes and burdens
The plan includes Schaeuble of austerity – and according to Der Spiegel – Cancel reduced VAT rate of 7% on food, books, tickets, local transportation, and dissemination of the imposition of this tax by 19% on all goods and services, and is expected to achieve this procedure a great return for budget German up to 23 billion euros a year.
Under the austerity plan supposed to reduce the contribution of the public treasury in the National Fund for Health by ten billion euros, and compensate for the lack of this amount to raise the income tax in the form of fees solidarity with Health Fund, and adopt the plan cancel the legal age of retirement (67 years) and work permit after this age, and harder possibility Get an early retirement pension, and raise the proportion of the devaluation of early retirement from 3.6% to 6.7% of the normal value of the pension.
The plan also called for austerity Schaeuble – by Der Spiegel – to reduce the pensions of widows and reducing allocations for social projects, and finance the construction of roads and streets and the construction and maintenance of educational institutions through fees and taxes.
Saadawi: leak Schaeuble austerity plan would negatively affect the popularity of his ruling Christian (Island)
And raised detect austerity measures supposed criticism from opposition parties, which demanded the Government of Chancellor Merkel Bmassarahh citizens and Parliament details of these procedures, and saw the SPD that Merkel and Minister of finances Schaeuble “insisting to continue their policy is social to make budget stable at the expense of the poor and low-income.”
The president of the parliamentary bloc of the Left Party, Gregor Djezzy that there is no smoke without fire, and said he did not believe a single word of denial and the Ministry of Finance and a plan for austerity.
Negative repercussions
For his part, warned financial analyst on the Frankfurt Stock Exchange Securities that Schaeuble plan leak of austerity to the media will have bad repercussions on the ruling Christian Democratic Party led by Chancellor Angela Merkel, and is running and the Minister of Finance as Vice President in it.
Tibi described the austerity Saadawi list published by the magazine Der Spiegel as tough measures targeting the social sphere, and there is no justification for its implementation in a country with a strong economy like Germany which until now has been untouched by the crisis of the euro.
He guessed Saadawi – in remarks to the island – that the application of list of austerity picture that was published by the protests and social unrest, but less sharply than being in Greece and Spain.
Saadawi said all indications which you would expect after the German parliamentary elections raise VAT to a level of 19% on all goods and services without exception.
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