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Stocks, Bund Yields Spike On Another Spiegel Report Germany Ready To Run Budget Deficit
One week after the Spiegel floated a media trial balloon, attempting to spark a change in Germany's approach toward deficit spending, reporting that the government was proposing a €500 MM debt deal to fund climate protection, news which was promptly denied by the government, Spiegel has done it again, reporting moments ago that Angela Merkel and Finance Minister Olaf Scholz are ready to run a budget deficit... if Europe’s largest economy goes into recession. According to the report, the shortfall in tax revenue from economic slump could be offset by new debt, Spiegel - which desperately wants to get the ... (full story)