End EU borrowing and ECB bond purchases
The AfD wants the EU to stop taking on debt of its own and rejects any pooling of debt. The European Central Bank should limit itself to monetary policy. According to the platform, borrowing and taxation should take place only at the national level.
The AfD wants the EU to stop taking on debt. Germany should not be liable for other countries' debts. The European Central Bank should deal only with money policy. Debt and taxes should be a matter for each country.
The platform regards the ECB's bond purchases and the EU's joint borrowing, for example for the NextGenerationEU fund, as violations of the EU treaties. In the AfD's view, low interest rates and bond purchases drive up prices and hurt savings, company pensions and life insurance. It calls for an immediate stop to EU borrowing and for enforcing the ban on central bank financing of governments. Rescue loans should exist only at the national level. The money freed up is to go into national economic and social programs, mainly infrastructure.
Show the original quote (page 60)
„Verschuldung und Steuererhebung generell nur auf nationaler Ebene im Sinne des Subsidiaritätsprinzips!“Translation: Borrowing and taxation generally only at the national level, in keeping with the principle of subsidiarity!
Placement
- Economyleaning more market
The platform calls for capital allocation through markets rather than the central bank and EU programs, though it would spend the money on national programs.
- Europeclearly less EU
Existing joint EU borrowing would end immediately and debt would be possible only nationally, which fundamentally shifts powers to the member states.