debts

Politics

'Francogeddon' sends city debts soaring

Following the shock move last week do unpeg the Swiss Franc (CHF) from the Euro, estimates suggest that debt in German municipalities has gone up by €2 billion, it was reported on Monday.

Russia

Merkel tells allies to pay Ukraine's gas debts

Chancellor Angela Merkel on Monday called on Ukraine's allies to help the war-scarred nation pay off its gas debts to Russia, amid concern over gas supplies this winter.

Jobs

More young people going bankrupt

Germany's robust economy has reduced the number of private bankruptcies in the first quarter of the year -but the number of young people going bankrupt has jumped by over a third, new statistics show.

Economy

Bad bank pushed into red by Greek debt cut

The "bad bank" of German state-owned lender Hypo Real Estate said Tuesday that writedowns on its holdings of Greek bonds pushed it deeply into the red in the first six months of this year.

Economy

Germans have almost €25,000 of federal debt each

Germany's public debt amounts to €24,904 per citizen, the Federal Statistics Office in Wiesbaden reported on Tuesday.