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Germany’s debt interest payments could soar next year, finance minister warns – newspaper

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Reuters UK

BERLIN (Reuters) – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest rates and growing debt levels, adding that he would resist calls to increase spendings. Lindner said he wanted to bring an end next year to the three years of government largesse that had characterised attempts to prop up the economy through the coronavirus crisis and reapply Germany’s constitutional debt brake next year. “We are experiencing dangerous inflation that has to be braked,” he told the Welt am Sonntag newspaper in …

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