German Election: SPD's Front-Runner Olaf Scholz Is Brimming With Confidence

German Election: SPD's Front-Runner Olaf Scholz Is Brimming With Confidence

Andrew H. Sweet

The SPD (Social Democratic Party) has been in the lead in pre-election polls only three times in Germany's history: 1972, 1998, and 2002. Now, in 2021, it has happened again. Klingbeil speaks of a "historic opportunity" for the party.

Scholz has spent several years in coalition with Merkel as a finance minister and has served as her deputy since 2018. Regarding his agenda, Scholz has emphasized his goal to raise the minimum wage in Germany from ā‚¬9.60 an hour to ā‚¬12.

Until the covid-19 pandemic, he had a reputation for fiscal caution, but he was instrumental in pushing through the EU's ā‚¬750bn ($886bn) recovery plan and a stimulus package at home worth ā‚¬130bn. His largesse has limits, however.

He leans less to the left than many members of his party and wants Germany to return to the "debt brake" in 2023, which imposes strict limits on federal and state government spending.'

Read the original story here.

Comments

Sign in or become a tippinsights member to join the conversation.
Just enter your email below to get a log in link.