Indebtedness
of the German GDP 185%
The truth, as the Handelsblatt which cuts short the alleged parcimony of the German state, huge numbers in support.
Officially, the German debt in 2011was 2 000 billion. But it is that a half truth. Because the major part of expenditure for pensioners, the sick and dependent persons are not included in the calculation.
According to new figures, the real debt is 5 000 billions of euros additional. Germany would be in debt to the tune of 185% of its gross domestic product and not 83% as officially announced.
By comparison, the Greek debt should be 186% of GDP in 2012, the Italian debt is currently 120%.
The critical threshold beyond which the crushing debt growth is 90%.
Since coming to power in 2005, Angela Merkel "has created much new debt that all the chancellors of the past four decades together", says chief economist of the business daily.
"These 7,000 billion euros a bad check and we signed our children and grandchildren will pay."
Source
http://revivall.over-blog.com/article-handelsblatt-endettement-du-pib-de-l-allemagne-185-die-verschuldung-des-deutschen-bip-185-indeb-84988712.html
By comparison, the Greek debt should be 186% of GDP in 2012, the Italian debt is currently 120%.
The critical threshold beyond which the crushing debt growth is 90%.
Since coming to power in 2005, Angela Merkel "has created much new debt that all the chancellors of the past four decades together", says chief economist of the business daily.
"These 7,000 billion euros a bad check and we signed our children and grandchildren will pay."
Source
http://revivall.over-blog.com/article-handelsblatt-endettement-du-pib-de-l-allemagne-185-die-verschuldung-des-deutschen-bip-185-indeb-84988712.html
