US EditionGerman debt level will rise to 74% of GDP by 2030, Scope says
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German debt level will rise to 74% of GDP by 2030, Scope says
BERLIN (Reuters) -Germany’s debt is expected to increase to 74% of gross domestic product by 2030 from 62.5% last year due to the increase in spending on defence and infrastructure, according to a report from the European rating agency Scope seen by Reuters on Friday. Germany’s parliament approved plans for a massive spending surge in March, shrugging off decades of fiscal conservatism. “Despite rising borrowing, the pressure to consolidate the …
If Germany truly commits 5% of its GDP to rearmament, it will mark not only the largest mobilization since the Cold War but also a turning point in the European balance of power. The article Mateusz Morawiecki: The Return of German Power comes from the website Everything co most important.
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