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(Germany) - 'Berlin said in May it had a chance of taking on no new debt from 2015.'

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'..allowing Europe's largest economy to start paying down its debt..'

<blockquote>'(Reuters) - Germany's net new borrowing should drop to 6.2 billion euros ($8 billion) next year, its lowest level in 40 years, and the federal government could even achieve a small budget surplus in 2015, a cabinet source told Reuters on Saturday.

The federal surplus of 200 million euros in 2015 should rise to nearly 10 billion euros in 2017, allowing Europe's largest economy to start paying down its debt, the source said. Berlin said in May it had a chance of taking on no new debt from 2015.

The figures underscore just how strong Germany's finances are compared to those of its European partners who continue to struggle with a crippling debt crisis.'

- Germany may achieve surplus in 2015: government source, Jun 22, 2013</blockquote>


Context 'The suffocation of unsustainable global debt'

<blockquote>'There will be sustained growth in Europe only when governments, and not citizens or businesses, finally bear the brunt of austerity.'

'..Germany will reach budget balance in 2015..' - 'In 2009, learning from the Swiss, Germany introduced its own balanced budget amendment..'

The suffocation of unsustainable global debt – Total global debt is now over $190 trillion and more than three times global GDP. Contagion with European Union. 2012 </blockquote>