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With the cost of financing projects doubling thanks to the ECB's rate hikes, building projects were put in 'let's wait and see' mode, Robert Habeck said (Photo: EPA)

Germany's Habeck banks on ECB rate cuts, amid Berlin budget squabbling

Germany's sluggish economy will recover as the European Central Bank continues to cut borrowing costs, according to the country's vice-chancellor Robert Habeck.

Speaking to workers at the headquarters of heat pump manufacturer Stiebel Eltron, the Green party's Habeck said that while ECB policymakers make the final decision on rate cuts, "we all assume tha...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

With the cost of financing projects doubling thanks to the ECB's rate hikes, building projects were put in 'let's wait and see' mode, Robert Habeck said (Photo: EPA)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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