Germany takes on the highest level of public Debt in the country's history
This browser does not support the video element.
Ema Nevenka JülichJune 24, 2009
Germany's Finance Peer Steinbrück's has presented the 2010 budget to the cabinet - which involves a record amount of new borrowing. In fact, if his budget proposals are accepted till 2013 - it would mean more than 260 Billion euros in new debt over the next four years. Until recently, the minister had spoken out strongly against huge public debt. +++SYN MAZ+++