Fixed or variable interest-bearing securities issued by the state or institutions with a term of up to six years. In Germany, they are usually placed with institutional investors. – See government debt, debt, floating. – Cf. the annex “Euro area statistics,” heading “Public finances,” subheading “Debt” in the respective ECB Monthly Bulletin.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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