Germany Must Rein in Debt-Fuelled Defence Spending: Experts
5 Articles
5 Articles
Germany must rein in debt-fuelled defence spending: experts
The top EU economy is pouring huge sums into bolstering its long-neglected armed forces to face a hostile Russia and with concerns about waning US security commitments to Europe. Most defence spending has been exempted from the so-called "debt brake" in the German constitution, which limits how much the government can borrow, meaning the majority of debt taken on to finance rearmament falls outside the regular budget. But the council of economic…
The German Council of Economic Experts has announced the threat of a debt crisis in Germany and a budget deficit of $317.5 billion by 2040 against a background of defence spending. The Council of Economic Experts of the Federal Republic of Germany has declared the threat of a debt crisis. The reason – in the projected budget deficit of 300 billion euros by 2040, says Handelsblatt. "The new calculations of the Economic Council show that Germany i…
New calculations by the expert council show that Germany is facing a debt crisis. 300 billion euros could be missing by 2040. This can only be prevented by hard cuts.
The Council of Economic Experts of the Federal Republic of Germany announced the threat of a debt crisis in Germany and a budget hole of 300 billion euros by 2040 due to the magnitude of ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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