Euro Crisis Will Help Germany Balance Its Budget

From spiegel.de

The European sovereign debt crisis has plenty of losers, but arguably one clear winner: Germany. Demand for German bonds, seen as the safest haven in the euro zone, has pushed Berlin's borrowing costs so low that some investors are effectively paying Germany for the privilege of lending it money. Now German economists have calculated that Germany could reach its cherished goal of a balanced budget by as early as next year, as a result of its bargain borrowing costs -- provided, that is, the euro crisis doesn't escalate. According to calculations conducted for the Financial Times Deutschland by the ... (full story)