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Germany plans 100 billion euros in new debt - Der Spiegel

FILE PHOTO: German Finance Minister Olaf Scholz attends a news conference in Berlin
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BERLIN (Reuters) - German Finance Minister Olaf Scholz plans a supplementary budget in late summer, which could involve taking on 100 billion euros ($108.25 billion) in extra debt in order to compensate for collapsing tax revenues, Der Spiegel magazine reported on Friday.The new debt would drive the budget deficit to over 10% this year, its highest level in the history of the Federal Republic of..
Date Published: May 15, 2020
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