Posted on 09/27/2011 7:01:18 AM PDT by Weslo
Contrary to the reported public debt of 2 Trillion Euros, the true German debt may well total 7 Trillion Euros as per calculations by Bernd Raffelhueschen, an economics professor at Freiburg University.
(Excerpt) Read more at commodityonline.com ...
“unexpected” unfunded liabilities are very very sneaky. You never know where they’ll show up next.
He has been seen as a curmudgeon but thankfully has had a larger audience inside Germany than his research collaborators have had, ( in the US, Canada, Chile, Austria and other locales), though his collaborator in Chile is partially responsible for the privatization drive of the Chilean equivalent of US Social Security.
For a super wonkish view check Google Scholar search results:
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