Nine Billion No One Asked About

An inconspicuous parliamentary inquiry revealed a list of more than 450 overseas projects totaling approximately €9.8 billion. Development loans, federal guarantees, and funding programs whose actual impact even government evaluators often cannot adequately measure. Meanwhile, Germany has forgiven €15.56 billion in debt over 25 years. As bridges deteriorate, municipalities struggle financially, and social benefits face cuts at home, billions continue to flow abroad. Michael Hollister raises a fundamental question: Should a government distribute money it does not have?








