Saturday, 4 August 2018

Good news Germany: you now have less than €2,000,000,000,000 in debt

Good news Germany: you now have less than €2,000,000,000,000 in debt

The German public debt has dropped below €2 trillion for the first time in years thanks to robust economic growth. Public debt in Germany sank to €1.967 trillion in 2017, marking a drop of 2.1 percent in comparison with 2016, figures released by the statistics office (Destatis) showed on Thursday. The €42.1 billion drop in public debt levels is a result of high tax intakes from a booming economy and historically low interest rates.
Read more: https://www.thelocal.de/20180802/good-news-germany-you-now-have-less-than-2000000000000-in-debt?source=Snapzu

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