Nine months before the federal legislative elections, the Chancellor, Angela Merkel (CDU), presented, on January 13, 2009, the main measures of the "largest revival plan in the history of the Federal Republic of Germany" she said, adopted the day before by the Grand Coalition. With 50 billion euros in two years, this plan will grant major investments into infrastructures, tax cuts and reduction of social contributions, as well as measures to support employment and businesses. Positively welcomed by most employers, it was deemed "insufficient" by unions. (Ref. 090037)
During a press conference in Berlin, in the presence of her Vice-Chancellor, Frank-Walter Steinmeier (SPD), Angela Merkel highlighted that the scope of this second revival plan both showed “the size of the global financial and economic crisis” and the government’s “resoluteness” in overcoming it. It was adopted “at a suitable time” after “careful consideration” and is mostly aimed at “defending employment” reminded the Chancellor, whose management of the crisis was previously vividly criticized in Germany and abroad.
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