Brussels, 03/07/2014 (Agence Europe) - On Wednesday 2 July, the German government unveiled a draft budget for 2015 in which federal public finances will be balanced for the first time since 1969.
The German federal state will not need to borrow any money until 2018. The size of the federal budget is expected to rise from €299.5 billion in 2015 to €329.3 billion in 2018.
The country has ambitious debt reduction targets, from 78% of GDP in 2013 to 76% in 2014 below 70% by 2017 and below...