<blockquote>'Finance Minister Wolfgang Schäuble on Monday became the first since 1969 to preside over a federal German budget with no new debts, even though he was officially planning to reach the milestone in 2015.
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Since 1969, German governments of all stripes had racked up more than 1,300 billion euros in new debts, taking on at least some extra loans every year.'
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German government hits balanced budget ahead of target, January 12, 2015</blockquote>
'..a commitment to the future..'<blockquote>' German Chancellor Angela Merkel's government has celebrated next year's balanced budget - dubbed the "black zero" - as a victory not only for her one-year-old Grand Coalition government, but also as a historic step for which future generations will be thankful.
"All of us and even those who follow us will be measured by this," Finance Minister Wolfgang Schäuble said on Friday.
It is the first time that Berlin won't take on any new debts since 1969. Schäuble called the decision "a commitment to the future." '
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Bundestag approves 2015 budget with no new debt, November 28, 2014</blockquote>
Context '..ending for the model of bank rescues in which the state protects bond holders and major investors.' - Carsten Schneider.<blockquote>
'..Germany will reach budget balance in 2015..' - 'In 2009, learning from the Swiss, Germany introduced its own balanced budget amendment..''..Schaeuble said the government would refrain from net new borrowing next year [2015]..'(Germany) - 'Berlin said in May it had a chance of taking on no new debt from 2015.''There will be sustained growth in Europe only when governments, and not citizens or businesses, finally bear the brunt of austerity.''..The modern Keynesian state is broke..' - '..a sweeping divorce of the state and the market economy..''..it would be better to let countries restructure their debts.' -
'..EU sovereign default plan''All European countries must take budget cutting “just as seriously as we do in Germany..” ''..the burden on the government budget .. started up the printing presses..''...to produce a second Industrial Revolution.' - Martin Hutchinson</blockquote>