German Chancellor Commits: Germany's Debt Burden Will Not Increase Further
German Chancellor Merz stated that, considering rising interest rates and increasing pressure in sovereign debt markets, his government will ensure Germany's debt burden does not increase further.
Merz said the government treats "very seriously" the International Monetary Fund (IMF) warnings regarding relaxation of fiscal rules and cited pressures facing government bonds. He noted that although no downgrade has occurred yet, rating agencies have issued neutral or negative outlooks. Following a meeting with Irish Prime Minister Micheal Martin, the Chancellor stated: "We see interest rates are slowly rising. We are experiencing this as well in the refinancing process of Germany's budget."
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments