Germany would kill a few birds with one green bond swahapattanaik
Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection programme with new debt, a senior government official told Reuters on Aug. 8.
The official said that Berlin would link and limit any new debt strictly to the climate protection package that German Chancellor Angela Merkel's cabinet is expected to seal next month, the official said. Merkel's coalition government wants to cushion the effects of a planned exit from coal over the next two decades by pouring at least 40 billion euros into affected regions to help them manage the shift away from fossil fuels.
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