With its public debt ratio of 63%, Germany might still have the chance to escape the debt spiral if it were to introduce radical reforms now, such as the dismantling of its sprawling state and social system.
The country would have to reduce its public spending ratio from 50% to below 30% and gradually reintroduce the rules of the free market economy. In short, it would have to radically reject Brussels' eco-socialism.
It is ethically irresponsible for the Green Fritz, together with 'debt Lars', to put together a coalition of losers and now lead the country into this very debt trap. It is kowtowing to the central body in Brussels to keep the highly indebted eurozone alive with fresh credit at the expense of the Germans.
#eu #merz #germany #debtcrisis
The country would have to reduce its public spending ratio from 50% to below 30% and gradually reintroduce the rules of the free market economy. In short, it would have to radically reject Brussels' eco-socialism.
It is ethically irresponsible for the Green Fritz, together with 'debt Lars', to put together a coalition of losers and now lead the country into this very debt trap. It is kowtowing to the central body in Brussels to keep the highly indebted eurozone alive with fresh credit at the expense of the Germans.
#eu #merz #germany #debtcrisis