Article

2019-05-10 Europe

Germany's budget black hole even bigger than feared, Merkel's government admits

[Telegraph] The economic slowdown has left an even bigger hole in Germany's budget than feared, Angela Merkel’s government admitted on Thursday.

Falling tax revenues as the economy slows have left the country facing a budget shortfall of €124.3bn (£107bn) over the next four years, finance minister Olaf Scholz announced in Berlin.

The shortfall is even worse than a figure of €100bn leaked earlier this week had suggested.

Mr Scholz tried to play down the numbers, telling a press conference: “The government does not see any signs of a crisis in the current situation. We still have economic growth.”

Posted by Bright Pebbles 2019-05-10 08:11|| || Front Page|| [11132 views ] Top

#1 They can always print wheelbarrows full of meny

Posted by Regular joe 2019-05-10 13:05|| 2019-05-10 13:05|| Front Page Top

#2 Yes--I'm sure there are some left-over printing presses down in Weimar.

Posted by Tom 2019-05-10 13:21|| 2019-05-10 13:21|| Front Page Top

#3 Meanwhile the US is in debt for $26 trillion dollars or so, give or take.

Posted by Texhooey 2019-05-10 19:24|| 2019-05-10 19:24|| Front Page Top

#4 US Fed prints in dollars...

imagine a US STATE say caliphornia in that much debt and fiscal strife...

oh...

Posted by Bright Pebbles 2019-05-10 19:42|| 2019-05-10 19:42|| Front Page Top

#5 It's expensive supporting 2 million new parasites.

Posted by Hupailing Elmoluck5245 2019-05-10 19:44|| 2019-05-10 19:44|| Front Page Top

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