Thursday , July 20 2017

Merkel says she’ll serve full four-year term if re-elected

Bloomberg

German Chancellor Angela Merkel said she planned to serve a full four-year term if re-elected and defended herself against a political attack by her Social Democratic challenger that she’s faltered on public infrastructure investment.
“I made clear when I announced my re-election bid that I would run for four years,” Merkel said in an interview with ARD television on Sunday, 10 weeks before the national election. A full fourth term would extend her chancellorship to 16 years through 2021.
The German leader also defended her fiscal policy after Social Democratic leader Martin Schulz laid out his party’s “Future Plan,” including a pledge to spend budget surplus funds on public investment.
“It’s also a question of justice among generations not to leave behind a dilapidated country, but rather to invest so that they have the same conditions as we do,” Schulz told a crowd hours earlier at SPD headquarters in Berlin. Merkel said her government, a coalition between her Christian Democratic-led bloc and the SPD, has already increased spending “massively” on broadband expansion, roads and pre-schools. The challenge to increased investment consists of bureaucratic barriers to allocating funds, she said, requiring accelerated planning processes.
“At this point we can’t spend the money that we have,” Merkel told ARD in her last nationwide interview before her summer break. “I don’t see the main problem in the question of whether there should be more money but rather accelerating planning.”
The German leader made a similar argument three days ago in Paris after holding a joint cabinet meeting with French President Emmanuel Macron, who had joined criticism of Germany’s current-account surplus.

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