Without public assistance is no longer. The impending downturn, with the financial crisis began at risk in the coming year the growth of the global economy abzuwürgen. The EU Commission in Brussels now wants to represent its 27 member states to plan for an economic package. Similar measures have several major industrial nations, within and outside Europe already taken or prepare them before. Here is an overview of the state support measures:
Germany: The federal government has the beginning of November, an economic package with a total of twelve billion euros decided. It will invest in the economy of up to 50 billion euros and kick around one million jobs. Key points are additional funds for the renovation of old buildings, investment in road construction, but also temporary exemptions for the purchase of new or improved conditions for business depreciation. Chancellor Angela Merkel, the German investment with the German share in the EU package charge.
European Union: The EU is planning relief measures amounting to one percent of gross domestic product in the Union. That would represent a volume of around 130 billion euros. Are especially assistance for the construction industry and the automotive industry. The Brussels Commission wants to target the upgrading of infrastructure in the community forward. These include, for example, the development of a common European electricity network and fast access to the Internet. Through tax incentives to invest in research and development.
U.S.: The elected U.S. President Barack Obama is planning a big blow exemption order in the next two years, 2.5 million jobs to create either new or existing security. Are planned extensive investment in the education, energy and infrastructure. The U.S. press compares the project with the "New Deal" with which President Franklin D. Roosevelt in the 30-year succeeded, the consequences of global crisis and the crisis eventually be overcome. A sum of U.S. economic package is not yet clear. Estimates are 500 to 700 billion dollars. The Fed Fed yesterday also announced an additional program support for the domestic credit to. It should be a total of 800 billion U.S. dollars have.
Great Britain: The British government is preparing an aid package with a volume of 20 billion pounds (23.7 billion euros) before. It is in the budget of the country by the end of 2010 scheduled. Among other things, the VAT is already starting in December from the current 17.5 percent to 15 percent - a step that the federal government so far strongly opposed.
Japan: The second-largest economy in the world has only in the 90s a severe economic crisis. So that this does not come back so bad, the Japanese government this year, an initial economic package worth 90 billion euros converted open a second over 40 billion euros will now follow. Plans include tax cuts and aid, particularly for midsize companies.
China: Converted approximately 470 billion euro, the Chinese government is pumping in the next two years in addition to the domestic economy. The money goes into the development of infrastructure, environmental protection, technological innovation and much more.
Germany: The federal government has the beginning of November, an economic package with a total of twelve billion euros decided. It will invest in the economy of up to 50 billion euros and kick around one million jobs. Key points are additional funds for the renovation of old buildings, investment in road construction, but also temporary exemptions for the purchase of new or improved conditions for business depreciation. Chancellor Angela Merkel, the German investment with the German share in the EU package charge.
European Union: The EU is planning relief measures amounting to one percent of gross domestic product in the Union. That would represent a volume of around 130 billion euros. Are especially assistance for the construction industry and the automotive industry. The Brussels Commission wants to target the upgrading of infrastructure in the community forward. These include, for example, the development of a common European electricity network and fast access to the Internet. Through tax incentives to invest in research and development.
U.S.: The elected U.S. President Barack Obama is planning a big blow exemption order in the next two years, 2.5 million jobs to create either new or existing security. Are planned extensive investment in the education, energy and infrastructure. The U.S. press compares the project with the "New Deal" with which President Franklin D. Roosevelt in the 30-year succeeded, the consequences of global crisis and the crisis eventually be overcome. A sum of U.S. economic package is not yet clear. Estimates are 500 to 700 billion dollars. The Fed Fed yesterday also announced an additional program support for the domestic credit to. It should be a total of 800 billion U.S. dollars have.
Great Britain: The British government is preparing an aid package with a volume of 20 billion pounds (23.7 billion euros) before. It is in the budget of the country by the end of 2010 scheduled. Among other things, the VAT is already starting in December from the current 17.5 percent to 15 percent - a step that the federal government so far strongly opposed.
Japan: The second-largest economy in the world has only in the 90s a severe economic crisis. So that this does not come back so bad, the Japanese government this year, an initial economic package worth 90 billion euros converted open a second over 40 billion euros will now follow. Plans include tax cuts and aid, particularly for midsize companies.
China: Converted approximately 470 billion euro, the Chinese government is pumping in the next two years in addition to the domestic economy. The money goes into the development of infrastructure, environmental protection, technological innovation and much more.
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