German Debt Charges January to June 2023 More Than Doubled
The German Finance Ministry just reported net interest expenses of €2.1bn for June 2023. Net interest expenses for January to June 2023 amount to €27.9bn, which is an increase of 143% over the previous year’s period!
Should you wonder, why the hike in interest expenses comes so suddenly and extremely and what it has to do with selling bonds at discounts or premiums, please check our latest comprehensive research HERE or our initial note dating back to 2016 (in German) HERE.