Economy

Reuters exclusively reports Germany eyes fiscal U-turn with new debt to finance climate plan

Reuters exclusively reports Germany eyes fiscal U-turn with new debt to finance climate plan

Reuters exclusively reported that Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection program with new debt. As Germany’s borrowing costs sink to new lows almost daily and its economy cools in light of weaker foreign demand and bruising trade disputes, domestic and international calls are becoming louder to provide extra fiscal stimulus by running a small deficit again.