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7/17, 12:57 AM (Source: TeleTrader.com)
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Merkel to reduce delay boosting investment

German Chancellor Angela Merkel said that she was not neglecting the country's infrastructure, as alleged by SPD leader Martin Schulz, pointing to already increased investment levels and capacity bottlenecks in some parts of the economy.

"We currently cannot spend the money that we have," Merkel said in an interview. She pointed to planning and capacity bottlenecks in the construction industry as well as at the level of regional authorities.

Merkel said Germany had to increase investment in high-speed internet broadband connections. "We say, for example, that we have to use at least one-third of the additional tax revenues for investment. It can also be more," she said. "But we also must be able to get everything built on the ground."

TeleTrader Newsroom / RV