In the year that the coronavirus pandemic began, general government debt in Germany was up by €275 billion to €2.332 trillion. The debt ratio, meaning the ratio of debt to gross domestic product, rose from 59.7% to 70.0% in 2020, which is the sharpest increase in the debt ratio within the space of a year since German reunification.

Deutsche Bundesbank together with Deutsche Börse Group and Germany’s Finance Agency have developed and successfully tested a settlement interface for electronic securities. Securities settlement using distributed ledger technology (DLT) is performed with the aid of a trigger solution in TARGET2.

In the year the coronavirus pandemic began, general government debt in Germany as defined in the Maastricht Treaty was up by €275 billion to €2.332 trillion. By contrast, debt had been repaid in preceding years on the whole.

The Bundesbank’s open-air exhibition on German monetary Union will be on show from 6 to 28 March 2021 in Hamburg.

Bundesbankpräsident Jens Weidmann misst den Finanzierungsbedingungen auf dem Weg zur Preisstabilität eine wichtige Funktion bei. „Aus meiner Sicht sollten sich die Finanzierungsbedingungen im Einklang mit der wirtschaftlichen Erholung im Euroraum entwickeln können. Es geht also gerade nicht darum, ein bestimmtes Zinsniveau geldpolitisch zu zementieren“, sagte Weidmann bei einer virtuellen Rede in Frankfurt.