However, energy policy shifts, the impact of the globalisation and digitisation of the economy as well as debt levels, which are persistently high even in Germany, are also weighing on the country’s longterm growth prospects.
1/2  BIS central bankers' speeches  I would stress that these are lending powers, not spending powers. The Fed is not authorized to grant money to particular beneficiaries. The Fed can only make secured loans to solvent entities with the expectation that the loans will be fully repaid.