Increased responsibilities associated with the new financial obligations

In recent discussions, Germany is planning to take on a billion euros in new debt for defense and infrastructure. However, no new information about the proposed financing or the debt plans was provided.

The proposal to finance this debt includes a controversial idea - scrapping a public holiday as a symbolic gesture. According to the head of the Council of Economic Experts, Monika Schnitzer, this move is expected to increase economic activity and bring in more revenue for the state.

However, winning over large parts of society for scrapping a public holiday would be a major challenge. It looks like public holidays will remain intact, as Baden-Württemberg, one of the regions with the highest number of public holidays in the country, is not in favor of the idea. Bavaria's stance on the matter remains unclear.

The current discussion does not seem to favor scrapping a public holiday. This could be due to the fact that Germany's debt-makers seem to lack a vision similar to Ludwig Erhard's, the father of the German economic miracle, who once convinced people that his policies would benefit everyone with his vision of "prosperity for all."

Meanwhile, Verdi, a significant labour union, is demanding three additional paid days off per year in the ongoing collective bargaining negotiations in the public sector.

Interested readers can contact Wolfgang Leja at w.leja@our website, phone number 0711 66601-131, for more information on this topic.

The Institute of the German Economy calculates that an additional working day could increase the gross domestic product by up to 8.6 billion euros, or 0.2%. This suggests that the economic impact of public holidays could be significant.

As the debate continues, it's clear that the future of public holidays in Germany is a topic of great interest and importance.