Nussbaum
2023-01-03 15:06:56
- #1
Not governed alone, however, the CDU brought the black zero (balanced budget) as a holy grail into the field, and the responsible ministry was mostly led by the CDU.
I have already answered exemplarily with Austria who has done it differently (not just would have). They will not be alone. The USA, as another example, have been issuing bonds for way too long.
That depends on the intended use. It is important not to misunderstand the bond as a stock. Certainly, it is not a financial instrument for everyone. However, the target group exists, and the state would have been wise to do as its neighbors did. But special paths are 'our' thing.
The target group is mainly pension, life, and other insurance companies, which are so heavily regulated by the state that they basically have no choice but to invest in government bonds.