The euro rose to its strongest level in nearly four months today, while Germany’s borrowing costs experienced their biggest one-day surge since 1997, after Europe’s largest economy proposed a historic debt overhaul in a bid to beef up its military and revive growth.
War era prompts fiscal sea change in Germany
The euro rose to its strongest level in nearly four months today, while Germany’s borrowing costs experienced their biggest one-day surge since 1997, after Europe’s largest economy proposed a historic debt overhaul in a bid to beef up its military and revive growth.