Germany has cut its debt load thanks to a strong economy and the diminishing burden of bailing out banks during the financial crisis. The Bundesbank national central bank said Thursday that debt fell to 64 percent of annual economic output by the end of 2017, from 68 percent in 2016. Meanwhile, unemployment in Germany fell below 2.5 million in March amid a seasonable upswing. Compared with the same month a year ago, the number of people unemployed in Europe's largest economy fell by 204,000. Adjusted for seasonal factors, the jobless rate fell one percentage point to 5.3 percent month-on-month.

Source: ABC News March 29, 2018 09:33 UTC