Meanwhile, Back in the Fatherland

"The fresh money borrowed will be used to repay the country's debts and the interest on them, the agency said.

Germany, Europe's top economy, has more than €2.0 trillion in debt or more than 80 percent of its gross domestic product, resulting in interest charges of tens of billions of euros annually."

I was concerned about what I was reading until I read a comment posted:

A rather misleading article.

Nations borrow money because most tax receipts only come a few times a year, yet expenses must be paid everyday. Germany is not in debt. The article implies that it is but this is false.
Currently, Germany is operating just a shade in the red as it spends slightly more than it takes in (by less than 2%) per year.

The 'Debt' that the article is referring to is long term outstanding bonds which have maturities from 5 to 10 or even 20 years. Counting all of that at once is silly, misleading and completely pointless.

The Maastricht Treaty requires a nation be under 60% (Total Long term Debt vs GDP), because the ECB knows that it is almost impossible for a nation to be debt free as virtually all nations sell long term bonds.
Currently, Germany is over this limit (82%) and is working its way back down.

In other words, every thing is fine.

Now we return to our regular program.