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To: familyop

I read several days ago that Germany funds their pensions.

Perhaps that is not true.


12 posted on 07/05/2015 3:43:49 PM PDT by berdie
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To: berdie

“I read several days ago that Germany funds their pensions.”

Only in the sense that the Germans, as THE ONLY financial powerhouse in the currency union partnership, are funding ALL financial activity in Greece via 330 billion in Euro loans to the Greek government and the Greek banks over the past few years, both of which would be insolvent years ago without such loans.


32 posted on 07/05/2015 4:57:28 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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