Germany cuts debt sales programme

Berlin: Germany cut its programme of debt sales as the end of the recession helped boost the finances of Chancellor Angela Merkel’s government before Sunday’s elections.

The nation reduced proposed issuance of bonds and bills in the fourth quarter by 22% to €59 billion, the Frankfurt-based Federal Finance Agency said.

The change is “based on improved funding conditions and reduced borrowing requirements of the Financial Market Stabilisation Fund”, the agency said on its website.

Record debt sales and improving global trade helped Germany’s economy, Europe’s biggest, expand 0.3% in the second quarter.

Business confidence rose to a 12-month high in September, an Ifo institute report showed in Munich.


Interiors voyeurism will never go out of style – not least when we’re all confined to barracks and eyeing up neglected corners of our own residences that could do with TLC.Home of the Year: Three doors swing open tonight to offer us a welcome distraction

With (hopefully) better weather on the way along with the longer evenings, gardening and nature offer a nice distraction to the news cycle.Podcast Corner: Green fingers and creature comforts

From Kaia Gerber to Oprah Winfrey, why not let a famous face choose your next read?The 4 best celebrity book clubs to virtually join

The tips and home treatments to stop your skin from backsliding.The Skin Nerd: How can I maintain my skin results at home?

More From The Irish Examiner