It's an odd term....schwarze null or in English....black zero. For Germans, it's absolute thing when talking about economics, balanced budgets, and the need for a balanced budget. You never borrow.....to reach a balanced situation.
Around a decade ago, this became a part of the German culture, with the old Finance Minister....Schaeuble....responsible for creating this concept.
So the path dissolving? More or less, as Focus told the story in the AM today.
The blame? On Covid-19 and declining tax revenue.
The chief worry? Right now, the experts say that the return to 'normal' is something that will occur around 2023. The repair to the black zero situation? I'd add one to two years to pay off the loans...suggesting 2025 as the real normal year period to occur.
Worrying the public? I might speculate and say that 90-percent don't really care. They assume that the government knows what it's doing.
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