Germany takes on the highest level of public Debt in the country's history

Germany's Finance Peer Steinbrück's has presented the 2010 budget to the cabinet - which involves a record amount of new borrowing. In fact, if his budget proposals are accepted till 2013 - it would mean more than 260 Billion euros in new debt over the next four years. Until recently, the minister had spoken out strongly against huge public debt. +++SYN MAZ+++