Economy

Reuters exclusively reports Germany considers 'shadow budget' to circumvent national debt rules

Reuters exclusively reports Germany considers 'shadow budget' to circumvent national debt rules

Reuters exclusively reported that Germany is considering setting up independent public agencies that could take on new debt to invest in the country’s flagging economy, without falling foul of strict national spending rules. The creation of new investment agencies would let Germany take advantage of historically low borrowing costs to spend more on infrastructure and climate protection, over and above debt limits enshrined in the constitution, Reuters sources said.