One small step


Six years ago, the German federal government gave the job of managing the federal debt to the newly created German Finance Agency. The move fundamentally altered the way Germany manages its debt - rather than being managed by civil servants, the debt is now managed by a separate company with considerable freedom of action, albeit one owned by and responsible to the finance ministry.

Gerhard Schleif has been managing director of the German Finance Agency since 2001. He argues: "The advantage o

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: