Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: cartan
What’s your source, and why are they still calling for the SGP to be changed?

They were at 4.3 percent only two years ago. How did they achieve 1 percent without practicing austerity?

The social market economy doesn’t work. And the EU is not abandoning it.
15 posted on 04/27/2012 1:36:59 AM PDT by Olog-hai
[ Post Reply | Private Reply | To 14 | View Replies ]


To: Olog-hai
The German deficit in the last five years:

Millions € % GDP
2011 -25,800.00 € -1.00%
2010 -105,860.00 € -4.30%
2009 -72,910.00 € -3.00%
2008 2,820.00 € 0.10%
2007 6,550.00 € 0.30%

The deficits in 2010 and 2009 were due to stupid stimulus programs. Note the surplus before that.

So, what are you complaining about? Do you think everybody should borrow and spend more than they do now? Somewhat like Britain, where the budget deficit is at -8.3% of GDP, down from -11.4% in 2009?

16 posted on 04/27/2012 2:22:03 AM PDT by cartan
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson