Germany is planning to take on net new debt of €96.2 billion in 2021, Reuters reported on Friday, citing a German finance ministry sources familiar with the matter. “German finance ministry plans debt brake should be reinstated from 2022,” sources told Reuters and added that the ministry sees a debt-to-GDP ratio of 72.25% in 2021. “German budget plans include maximal possible borrowing from 2022 through 2024.” Market reaction The EUR/USD pair largely ignored this headline and was last seen losing 0.05% on a daily basis at 1.1841. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Kyber Network Price Prediction: KNC could be on the verge of a 50% correction FX Street 1 year Germany is planning to take on net new debt of €96.2 billion in 2021, Reuters reported on Friday, citing a German finance ministry sources familiar with the matter. "German finance ministry plans debt brake should be reinstated from 2022," sources told Reuters and added that the ministry sees a debt-to-GDP ratio of 72.25% in 2021. "German budget plans include maximal possible borrowing from 2022 through 2024." Market reaction The EUR/USD pair largely ignored this headline and was last seen losing 0.05% on a daily basis at 1.1841. Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
