Germany May Balance Budget in 2013 on Interest Savings, FTD Says
Germany may reach a balanced budget as soon as 2013 as low interest rates on German bunds saves the nation 15 billion euros ($19 billion) in 2011 and 2012, Financial Times Deutschland reported, citing economists including Jens Boysen-Hogrefe, at the Kieler Institut fuer Weltwirtschaft.
That only will hold true if the euro crisis doesn’t escalate and Germany isn’t held liable for an exit of Greece from the euro, the FTD said, citing the RWI institute.
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