He dropped out of international contention in 1994 and suffered from a high-profile falling out with Bertie Vogts, but forced his way back at the age of 37 with a series of impressive performances for Bayern.
So many firms are refinancing that the point at which there is likely to be a potentially worrying spike in high-yield debt falling due has receded from next year to 2012, says Martin Fridson of Fridson Advisers.