Sunday, July 12, 2020

Euro bonds could cost Germany up to 12 billion euros a year

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Finance Minister Olaf Scholz

Joint bonds could cost the German state twelve billion euros a year.


(Photo: dpa)

Berlin Debt securities issued jointly with other euro countries could bring Germany additional annual burdens of up to 0.36 percent of economic output, as the experts at the US investment bank Jefferies calculate. Accordingly, an amount of twelve billion euros would have to be paid in addition to the ongoing debt service.

For the Netherlands, the analysts estimate the additional costs at a maximum of 1.4 billion euros per year, which corresponds to 0.18 percent of the gross domestic product (GDP).

However, the actual loads would be lower. The experts base their calculations on the assumption that all government bonds in the euro zone are issued together.

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