Ik roep het al jaren. Duitsland is niet zo rijk als we denken. We denken echter al jaren dat Duitsland de rest van Europa kan dekken en redden.
Een bailout voor Duitsland door de ECB zal vele wenkbrauwen doen fronsen.
Submitted by Tyler Durden on 07/12/2014 – 16:48
Martin Armstrong warns that 50% of the municipal governments in Germany are on the verge of bankruptcy. This is part of the reason they are looking for bail-ins and even Merkel has determined they cannot allow any referendums fearing the people will vote against the EU. The Bremen state government has now imposed a spending freeze today. The reason has been the unexpected expenditure and revenue shortfalls in the total amount of 60 million euros. Politicians cannot see that this system is doomed. They keep looking for everything possible to raise more and more taxes. It is just amazing who disconnected government are from the reality of the economy. Everything is geared to move toward the confiscation of wealth not reforming the system.