Financial expert calls for long-term EU support for Berlin beyond 2027

Financial expert calls for long-term EU support for Berlin beyond 2027

According to a report by www.sueddeutsche.de, Berlin's Governing Mayor Kai Wegner is calling for financial support from the EU for the capital beyond the funding period that runs until 2027. The East German states receive billions from the so-called EU structural funds to advance their development and compensate for disadvantages. Around eleven billion euros flow to Germany from the European Regional Development Fund (ERDF) alone, not only to eastern regions, but also to Berlin, where the funding in the current period amounts to more than 800 million euros.

The demand for an extension of EU funding beyond 2027 could have a significant impact on the Berlin financial market. If the money continues to flow, this could have a positive impact on economic development and structural change in Berlin. This could in turn lead to greater attractiveness for investors and promote the creation of new jobs.

However, it is important to note that an extension of EU funding also depends on other factors, including political decisions at the EU level and the fulfillment of certain criteria by the German government. Nevertheless, extended funding would be of great benefit to Berlin and could support the city's positive economic development.