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Germany’s coronavirus spending fires up debate over privatization
By Jean-Philippe Lacour / AFP, FRANKFURT, Germany
With German state finances reeling from the COVID-19 pandemic, the question of raising funds by selling government assets has become a hot topic ahead of this year’s general election.
German Minister of Economic Affairs Peter Altmaier, a close ally of German Chancellor Angela Merkel, this week floated the idea of “reducing state participation” in businesses in an interview with Die Welt daily.
Flogging state assets could be all the more beneficial, as their value has “increased considerably in recent years,” Altmaier said.
A sole vehicle drives along a nearly deserted Pariser Platz in front of the Brandenburg Gate during a COVID-19 lockdown in Berlin on Jan. 22.
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