| 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?
You’re not getting it. How did they achieve that without austerity and while keeping the social market economy? Missing narrative.