pull down to refresh
21 sats \ 4 replies \ @draoi 26 Mar \ on: European Media Fixated on US Debt Bubble, but Overlook Own Fiscal Challenges econ
Italy and Greece have higher levels of public debt proportional to GDP than the US. Germany however has relatively low debt, and a trade surplus.
reply
reply
It's about 900 bio. additional hidden debt
reply
the media, especially in Germany, are very strongly start-centered. they have also long since switched to war rhetoric, as they largely receive subsidies from the state, and defend the state and its measures to the hilt. as far as the euro is concerned, it has always been a media model and they are trying by all means to keep the crisis of the european banks down. In my daily press review, in which I have an overview of over 30 leading European media outlets with a strong focus on Germany, I have noticed for years that this doctrine of looking to America to discuss the problems there broadly and keeping the European ones quiet in detail. The only really important topic in the German media is climate change and ecological transformation. As evidence, I simply ask you to enter the keywords and confirm what I am saying here in the Google search.
reply