After years of political tension over the issue of deficits, the next government in Berlin could be more flexible on spending to invest in a country in recession.
Despite the political crisis and economic recession, Germany remains the darling of rating agencies. With a debt equal to 59% of gross domestic product (GDP) according to Standard & Poor's (63% at the end of the year according to the European Commission) and the lowest interest charges on revenue in the G7, Berlin receives the congratulations of all juries. In its last press release dedicated to the country, published a few days ago, after the fall of Olaf Scholz's coalition, the S&P agency noted that « Overall, Germany's credit indicators are strong. In addition to government fiscal measures, our sovereign ratings also take into account a country's institutional strength, its economic and external profile, and its monetary flexibility. » And to conclude that, in these three areas, Berlin displays excellent performances, the triple A (AAA rating) is therefore confirmed without hesitation.
After these…
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