Reply With QuoteHopefully the government doesn't get to high on this and somehow rather seeks to diminish the debt accumulated over the last decades a bit..aaand buys an helicopter carrier as a self reward.
Germany: Budget Surplus For First Half Year
http://www.thestandard.com.hk/breaki...&icid=1&d_str=Germany reports healthy public finances
Germany's public finances were back in the black in the first six months of this year, even as the euro zone debt crisis put the brakes on growth of region's biggest economy, official data showed.
From January to June, Germany's public accounts showed a surplus of 8.3 billion euros, equivalent to 0.6 percent of gross domestic product, the federal statistics office Destatis said in a statement.
Im amazed this is still possible with all the money wasting and in this times!
Hopefully the government doesn't get to high on this and somehow rather seeks to diminish the debt accumulated over the last decades a bit..aaand buys an helicopter carrier as a self reward
Or they could put it towards bailing out Greece...again?Originally Posted by picanha the second
Hopefully the government doesn't get to high on this and somehow rather seeks to diminish the debt accumulated over the last decades a bit..aaand buys an helicopter carrier as a self reward
Last edited by Corrupt; 08-23-2012 at 06:09 AM.
I am amazed ...how do they have a budget surplus with socialism ? We are told here in the US that such policies are a recipe for failure.
We an helicopter carrier?Hopefully the government doesn't get to high on this and somehow rather seeks to diminish the debt accumulated over the last decades a bit..aaand buys an helicopter carrier as a self reward
Are you on meth or something?
Which even as a joke ia irrelevant, since they've been making money out of it.Or they could put it towards bailing out Greece...again?
As a result of the low interest rates, Germany has saved about 10 billion euros ($12.5 billion) from potential debt cost in this year alone, says economist Jens Boysen-Hogrefe of Germany's Kiel Institute for the World Economy. Comparing current interest rates to those from 1999 to 2008, Boysen-Hogrefe estimates that Germany’s central government may have saved some 68 billion euros in debt through 2022 – from the bonds it has auctioned off since 2009.
http://www.economywatch.com/in-the-n...ebt.23-07.html
Sense of humour failure much?
German efficiency.I am amazed ...how do they have a budget surplus with socialism ? We are told here in the US that such policies are a recipe for failure.
I dont get your point. Do you honestly believe world wide low interest rates since 1999 are to blame on Greece?
Man you seem to be vastly overestimating your country's importance.
I'm proud of you, Krauts! If you're doing good we're doing good and if we're doing good then everybody's happy.
Der Ordnung!
Despite all the immigrants.
Good! Should be handy have so Germany can pay for all the power they will import once they shut down their nuclear reactors.
No they don't.
These 10 bil are "potential savings" which come from comparing current yields and yields of before 2008. Germany could save 66bil if the germans will exchange current bonds with old rates on new ones. This obviously is not going to happen since commercial bond prices include rates, so if germans would want to buy their own old bonds they would have to pay commercial price which covers old 4%.
In boring reality germans have negative yields only on short term (one year max) bonds. The thing is the germans don't really need money now for themselves. And they have money to cover old bonds coming due.
The real netto "win" is described in another article on that site:
http://www.economywatch.com/in-the-n...ebt.02-02.html
"...According to The Telegraph, the Bundesbank had up to 270 billion euros of private securities (refinance credit) prior to the financial crisis, but had sold off all of its assets in order to meet the European Central Bank's (ECB) TARGET2 scheme, which required the Bundesbank to provide 496 billion euros to other eurozone countries in trouble, chiefly Greece, Ireland, Italy and Spain..."
Your guys are really economically ignorant and cheep "thinkers" looking for "work arounds" and easy exists all the time. Bah.
I am amazed ...how do they have a budget surplus with socialism ? We are told here in the US that such policies are a recipe for failure.
Ze evil German gubment is made up of conservative-liberal capitalist baby eaters at the moment ... With 70% approval rating for ze Herr Angelo Merkler ...
Federal Budget still has a deficit.
States, Communities and especially Entitlement Programs (
Individual communities and states are deeply in trouble but others are not.
Unemployment ensurance and healthcare are running a large surplus right now.
Give us some money ya cheapskates!
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