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Germany ‘must act now to defuse debt time bomb’
TheLocal.de ^ | 12 Feb 2016 15:36 GMT+01:00

Posted on 02/12/2016 2:25:24 PM PST by Olog-hai

An internal government report seen by Die Welt am Sonntag predicts that Germany will have to take on uncontrollable debt if it doesn't start making huge budget cuts now.

It's the same old problem: not only Germans are living longer than ever before, they're not producing enough offspring to replace them in the workforce.

The result will be levels of debt reaching 220 percent of Gross Domestic Product (GDP) by 2060 - well above the 60 percent limit for EU member states set out by the Maastricht Treaty in 1992 - experts from inside Wolfgang Schaeuble's finance ministry have calculated.

The report is likely to be of particular concern to Schaeuble, Germany's stern faced Finance Minister, who has blasted other European countries for their unsustainable levels of debt - and insists on Germany sticking to the "schwarze Null" (black zero) - a policy of having zero deficit. ...

(Excerpt) Read more at thelocal.de ...


TOPICS: Business/Economy; Foreign Affairs; Germany; Government
KEYWORDS: eurobanking; eussr; publicdebt; timebomb

1 posted on 02/12/2016 2:25:24 PM PST by Olog-hai
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To: Olog-hai

I have an idea, bring in radical Islamic refugees who won’t work but will rape everyone to grow the population.
That should work they guess?


2 posted on 02/12/2016 2:27:29 PM PST by A CA Guy (Are God Bless America, God Bless and keep safe our fighting men and women.)
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To: Olog-hai

japan’s stands at 260 percent of GDP


3 posted on 02/12/2016 2:27:40 PM PST by dp0622
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To: Olog-hai

Bringing in more Islamic refugees will not help this for the short, mid or long term.


4 posted on 02/12/2016 2:32:52 PM PST by rbg81 (Truth is stranger than fiction)
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To: Olog-hai

Merkel:

Bring even more unwashed, uneducated randy rapists into Deutschland.

I mean, what could it possibly hurt?

Congratulations are in order, Angela. You have singlehandedly accomplished what even Hitler couldn’t do: YOU HAVE DESTROID YOUR COUNTRY! You have won the Barack Hussein Obama medal for treachery.


5 posted on 02/12/2016 2:42:09 PM PST by HomerBohn (Liberals and slinkies: they're good for nothing, but you smile as you shove them down the stairs.)
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To: Olog-hai

[An internal government report seen by Die Welt am Sonntag predicts that Germany will have to take on uncontrollable debt if it doesn’t start making huge budget cuts now.]

The only way to solve this is to import hundreds of thousands of foreigners. /CLE /Jeb /Rubio


6 posted on 02/12/2016 2:42:44 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Olog-hai

If Germany doesn’t defuse their “Muslim time bomb” their “Debt time bomb” is irrelevant.


7 posted on 02/12/2016 2:42:49 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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8 posted on 02/12/2016 2:48:43 PM PST by DoughtyOne (the Free Republic Caucus: what FReepers are thinking, 100s or 1000s of them. It's up to you.)
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To: Olog-hai

They cant and wont control the invasion how can they do this?


9 posted on 02/12/2016 4:18:02 PM PST by ronnie raygun
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