33 sats \ 4 replies \ @fredosha 5 Sep 2023 \ on: German Debt Spiraling Out Of Control Due To Recession bitcoin
Germany's total public debt reached €2.37 trillion (roughly $2.6 trillion) at the end of 2022, which is a new record high. In the first quarter of 2023, Germany's government debt hit a record high of €2.4 billion ($2.63 billion). The government debt in Germany increased to 2406594.11 EUR Million in the first quarter of 2023 from 2367687.16 EUR Million in the fourth quarter of 2022. The government debt to GDP ratio in Germany is expected to reach 67.80 percent by the end of 2023. These figures indicate that Germany is facing a significant rise in debt.
And now You need to add hidden obligations out of their gigantic social security ponzi schema that they loaded up with millions of migrants that will never contribute one cent in their lifetime. Rising military budgets, Target2 - credit risks of the european south etc etc... doesn't look too good. No cinderalla story to be seen here!
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The bubble is about to burst open!
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Do You watch energy prices today, eur/usd and yields? Oh oh oh
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It is really pathetic.
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