When does Germany have to start balancing their own budget? Why should Italy balance theior budget when Germany won’t, just because the ECB is rigged to keep Germany’s interest rates artificially low while it soaks every other country one by one? Eventually, Germany and the Euro technocrats are going to run out of everyone else’s money. Socialism always does.
Germany’s deficit has been in the 2 to 3 percent range during the past several years. This kind of relatively small deficit is countenanced by the “convergence” rules of the Eurozone.