Is Germany Investing up to €500 Billion in Infrastructure? Three Beneficiaries of a Second Special Fund!

Over the weekend, reports have been overwhelming, as not only is a special fund for armaments being discussed by the parties CDU/CSU, SPD, and Greens, but also many funds are set to flow into "infrastructure.” While Bild spoke of "significantly more” than 100 billion euros, a panel of experts including Clemens Fuest (Ifo), Michael Hüther (IW), Moritz Schularick (IfW), and economist Jens Südekum suggested another 400 to 500 billion euros could also be allocated for infrastructure. It remains unclear where the funds will be directed. Possible...