Foreign Exchange & Fixed Income

Reuters exclusively reports Germany eyeing massive windfall from plunging borrowing costs

Reuters exclusively reports Germany eyeing massive windfall from plunging borrowing costs

Reuters exclusively reported that Germany could enjoy a windfall of 5 billion euros or more this year as record-low bond yields slash its borrowing costs. The savings might help Chancellor Angela Merkel’s conservatives and Finance Minister Olaf Scholz’s Social Democrats clinch a costly climate protection package. At same time, the cheaper borrowing eases pressure, mounting as the economy slows, to abandon Berlin’s balanced-budget policy of not taking on new debt for additional spending.