German Debt Charges January to August 2023 Up 106% YoY
The German Finance Ministry just reported net interest expenses of €4.7bn for August 2023. Net interest expenses for January to August 2023 amount to €38.6bn, which is an increase of 106% 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 note HERE or our initial note dating back to 2016 (in German) HERE.