German Borrowing to Almost Double Next Year, Spiegel Reports

Germany’s federal government will almost double new debt to about 35 billion euros ($45 billion) next year, Der Spiegel reported, without saying where it got the information.

The increase is because of payments toward Europe’s permanent bailout fund, known as the European Stability Mechanism, the magazine said in an e-mailed version of an article today.

To contact the reporter on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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