Germany makes billions from debt issuance

Berlin: It emerged on December 22 that the German government earned billions of euros from debt disbursement this year. It resulted due to negative interest rates on its securities, Finance Ministry State Secretary Florian Toncar said in a letter to a left-wing lawmaker. "Despite negative yields, German bonds are selling like hotcakes," said Goerke, a lawmaker told. He also added, "The federal government could have sold even more bonds without any problem."