Lawmakers from Chancellor Angela Merkel’s bloc said record-low interest rates will reduce federal debt servicing by 1.52 billion euros ($2.07 billion) this year, helping balance Germany’s budget in 2015.
Germany’s plan to speed up payments into Europe’s future permanent bailout fund with cash is aimed at securing the highest ratings for its bonds, said a senior lawmaker from Chancellor Angela Merkel’s party.
Germany should raise the income-tax rate for individuals earning more than 100,000 euros ($142,800) per year to help pay for tax cuts for low earners, Norbert Barthle, a senior coalition lawmaker, told Suedwest Presse.
Draft guidelines for enhancing the European Financial Stability Facility sent to German lawmakers overnight “look good,” Norbert Barthle, budget spokesman for Chancellor Angela Merkel’s Christian Democratic Union, told reporters today in Berlin.
Greece’s international creditors may adjust the interest on its bailout loans, Norbert Barthle, a senior lawmaker of German Chancellor Angela Merkel’s party, was quoted as saying by the Passauer Neue Presse.