Germany’s Scholz Sees Need for Significant New Debt in 2021

The transcript discusses the next budget, emphasizing the need for strong activities and debt management. It highlights plans for transitioning the economy towards sustainability by 2050, focusing on digitalization, renewable energies, and hydrogen. The discussion compares the current situation to the 2008 financial crisis, noting past debt management successes. It also covers constitutional budget rules, aiming to return to a balanced budget as soon as possible, with optimism about economic growth aiding this goal.

What is the expected timeline for returning to normal economic conditions according to the speaker?

• By 2021

• By 2022

• By 2023

• By 2025

Which of the following is NOT mentioned as part of the economic transition towards carbon neutrality?

• Nuclear energy

• Renewable energies

• Electrification of mobility

• Digital advancements

What year is targeted for achieving carbon neutrality in the economy?

• 2030

• 2040

• 2050

• 2060

How did the debt to GDP ratio change after the 2008-2009 crisis according to the speaker?

• Remained at 60

• Decreased from 80 to 60

• Increased from 60 to 80

• Remained at 80

What is the constitutional limit for debt as a percentage of GDP mentioned in the discussion?

• 0.25%

• 0.35%

• 0.45%

• 0.55%