1,500 euros if you scrap a car that is at least 13 years old and buy a new one at the same time: this scrapping bonus gave the car market a boost in 2009. Could a similar measure also help against the construction crisis? This has been hotly debated since the initiative of the DAN kitchen boss.
“If there had been similar economic developments in the automotive industry in Germany, a demolition bonus would have been introduced there long ago” – with these words, DAN kitchen boss Ewald Marschallinger underlined how dark the clouds have become over the construction industry and related sectors. A demolition bonus would stimulate investments in construction projects, equipment and crafts.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
