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At the same time, the discourse in Germany is dominated by fiscal paradigms that largely prohibit further public spending for investments. Otherwise, the objective of “budgetary consolidation” at the federal, state and local level sought by the so-called debt brake would be endangered. Moreover, public investment policy is more and more becoming a subject of increasing Europeanization. Outside pressure on Germany to invest more in public infrastructure is consequently growing. Against  this background, a fundamental reorientation of the entire German investment policy debate is needed.

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