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And yet the public debt of Germany is just as high as these credit addicted nations, what does that say?
by cylinder 10y ago
And yet the public debt of Germany is just as high as these credit addicted nations, what does that say?
- MagnumOpus 10y agoGross debt is as high. Net debt is way lower than in the US let alone in the UK, Japan or Club Med countries. (The German Feds and the states own parts of a lot of strategic income producing companies - KfW state investment bank, Deutsche Bahn, Volkswagen etc).
- wolfgke 10y ago> And yet the public debt of Germany is just as high as these credit addicted nations, what does that say? That in the past Germany was not so sensible about its budget.