Europe

8484 readers

1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago

MODERATORS

[email protected]

German government faces budget crisis (www.dw.com)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

23 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 11 months ago (1 children)

Germany has the lowest debt ratio of the G7 and one of only 11 countries with a AAA rating. That means Germany has among the lowest borrowing costs of any country in the world.

Basicly it is just a way to pretend there is a budget crisis to cut benefits and hand money to the rich and not a real crisis.

[–] [email protected] 1 points 11 months ago

Doesn't change the fact that it's failing. Regardless of the crisis is real or imaginary those with money and power need those who create their wealth to always be in survival mode. They don't have enough power in Germany to create the crisis in the free market economic side, but they sure as hell can pay politicians to cut social investments programs while not increasing wages to get the workers in survival mode.