{"id":3697,"date":"2023-07-13T17:13:44","date_gmt":"2023-07-13T15:13:44","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3697"},"modified":"2023-07-13T17:13:44","modified_gmt":"2023-07-13T15:13:44","slug":"scholz-embraces-siemens-e1-billion-plan-as-money-leaves-germany","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3697","title":{"rendered":"Scholz embraces Siemens&#8217; \u20ac1 billion plan as money leaves Germany"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Siemens AG unveiled a plan to invest \u20ac1 billion ($1.1 billion) in Germany, while Chancellor Olaf Scholz immediately welcomed it as Europe&#8217;s biggest economy faces an exodus of capital for the second straight year, Bloomberg reported.<\/p>\n<p>As part of the investment plan, the German tech conglomerate is set to build a new 200,000-square-meter technology campus in Erlangen, Bavaria, and expand production capacity.<\/p>\n<p>The investment is vital for Germany, which is facing creeping de-industrialization, as over \u20ac135 billion in direct investment flowed out of the country last year alone, while only \u20ac10.5 billion came in, according to the German Economic Institute. <\/p>\n<p>Meanwhile, German Finance Minister Christian Lindner is also planning a raft of measures aimed at boosting climate-friendly investments by small and medium-sized enterprises. <\/p>\n<p>The plan, which the government estimates would ease the tax burden on companies and households by about \u20ac6 billion a year, includes subsidies to help companies accelerate emissions cuts.<\/p>\n<p>However, experts believe these deals and measures will not be enough to turn the tide in Germany&#8217;s favor. Industrial production, along with investor confidence, continues to fall this year. <\/p>\n<p>Additionally, there is growing concern among political leaders and executives that the economic recovery from the winter recession is taking longer than they expected.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Siemens AG unveiled a plan to invest \u20ac1 billion ($1.1 billion) in Germany, while Chancellor Olaf Scholz immediately welcomed it as Europe&#8217;s biggest economy faces an exodus of capital for the second straight year, Bloomberg reported. As part of the investment plan, the German tech conglomerate is set to build a new 200,000-square-meter technology campus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3697"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3698"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}