EU warns Germany more investment is needed to prepare for future

For years Brussels has been appealing to the Germans to pour more cash into future planning. And the European Commission’s annual assessment of the economic and financial health of member states does not offer any change from the advice. The Commission acknowledged that Germany had made slight progress on private and public investments but said more needed to be done.

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The aim of the yearly review is to help countries to coordinate their policies in the single market more closely.

The EU also makes recommendations on any improvement needed, if necessary.

This year marked the first time the assessment took into account to what extent each country met the United Nations’ goals for sustainable development.

According to the EU, Germany has made progress in most areas over the past five years.

eu news germany economyThe European Commission has told Angela Merkel to invest more in the future of Germany (Image: GETTY)

eu-brussels-germany-economyMrs Merkel is facing growing problems with the German economy (Image: GETTY)

But Brussels wants Berlin to put more money aside for important projects such as affordable housing and innovation.

In addition, EU chiefs continue to see Germany’s high current account surplus as a threat to the economic balance in the bloc.

Given the robust labour market and favourable financing conditions, consumption and investment remained quite low over the past 12 months.

READ MORE: Germany to LEAVE the EU? How Merkel's crisis mirrors Cameron downfall

eu-brussels-germany-economyEuropean Commission President Ursula von der Leyen speaks to reporters (Image: GETTY)

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