Germany pushes up 2021 debt plans to nearly 100 billion euros: sources By


© . EU finance and economy ministers hold informal meeting in Berlin

BERLIN () – German Finance Minister Olaf Scholz plans to take on net new debt of nearly 100 billion euros ($117.92 billion) next year to sustain Berlin’s fight against the coronavirus pandemic, four people familiar with the matter told on Thursday.

The plans underline an increased readiness in Berlin to boost borrowing after a source told earlier this month that Scholz had initially been eyeing additional debt of at least 80 billion euros in his draft 2021 budget.

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