NRW's Wüst and Neubaur Propose Debt Cut for Struggling Municipalities
North Rhine-Westphalia's Minister President Hendrik Wüst (CDU) and Mona Neubaur (Greens) have proposed a debt cut for heavily indebted municipalities. The initiative aims to free up funds for investments in education, social affairs, infrastructure, and climate protection. The Greens, who welcome this move, highlight the need for an old debt fund to make this possible.
Monheim, a city in North Rhine-Westphalia, is one such municipality struggling with debt. With over 500 million euros in debt and a per capita debt of 13,500 euros, it's a record in the state. The city has repeatedly called for stronger financial support from the state government in budget negotiations.
Frank Knoche, parliamentary group speaker of the Greens in Solingen, another over-indebted municipality, welcomes the debt cut initiative. He hopes for progress in debt relief for cities like Solingen. Holger Poschen, financial policy spokesman of the Greens, sees the old debt fund as a crucial step but not enough on its own. He urges Federal Finance Minister Christian Lindner (FDP) to contribute necessary funds.
The debt cut initiative by North Rhine-Westphalia's state government aims to help over-indebted municipalities like Monheim and Solingen. The Greens welcome this move and call on the federal government to provide additional support. The old debt fund is seen as a key step, but further contributions are needed to effectively address the debt issue.
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