'..Schaeuble said the government would refrain from net new borrowing next year [2015]..'

<blockquote>'German Finance Minister Wolfgang Schaeuble said the government would refrain from net new borrowing next year for the first time since 1969 and defended efforts to consolidate the budget, saying Germany was still far from fulfilling EU growth rules.'

- Reuters, Schaeuble: Germany to take on no new debt next year for first time since 1969, September 9, 2014</blockquote>


Context

<blockquote>'Germany's debt ratio will likely fall..' - '..emission-free electricity system..'

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

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


(Global) - '..how monetary policymakers somehow remained oblivious to the havoc they were instrumental in fomenting.'

'..central bank measures .. of 2012 .. a catastrophic mistake..'

'..The modern Keynesian state is broke..' - '..a sweeping divorce of the state and the market economy..'</blockquote>