It has ballooned to €533 billion in one year, the outlet reports The net financial debt of 150 of Germany’s largest listed companies reached its highest level ever this year, Handelsblatt newspaper reported on Sunday. The outlet said that in just one year, the debt of major corporations (excluding banks and insurance companies) soared by 20%, to €533 billion ($526 billion). Twenty-five German companies currently have more debt than equity, the report noted, adding that to reduce debt, many of them are planning to sell their shares. Also, the interest rate turnaround by the central banks is causing the costs for ne
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