German debt has grown since 1950 and currently stands at €2.5 trillion ($2.68 trillion). This puts Germany in third place in the eurozone, behind France and Italy.
Germany is the biggest economy in Europe by a fair margin and the second largest population. Even if it had the largest absolute debt that wouldn’t necessarily be a bad sign, as it would only mean that it’s carrying at least as much debt to GDP as other countries, but as the article shows Germany’s debt to GDP ratio is actually unusually low compared to both its major European peers and other major economies worldwide
I agree with you on this, but the reason it is unusually low is due to the debt brake which has caused massive issues for the government and help to cause the government to collapse:
So my comment was poking fun at this and suggesting that if they had bigger and more corporations paying more tax they would not be having these problems, but that’s obviously not even starting on the real fix for the debt brake problem (which is getting rid of it)
Germany is the biggest economy in Europe by a fair margin and the second largest population. Even if it had the largest absolute debt that wouldn’t necessarily be a bad sign, as it would only mean that it’s carrying at least as much debt to GDP as other countries, but as the article shows Germany’s debt to GDP ratio is actually unusually low compared to both its major European peers and other major economies worldwide
I agree with you on this, but the reason it is unusually low is due to the debt brake which has caused massive issues for the government and help to cause the government to collapse:
https://www.politico.eu/article/germany-coalition-government-collapse-olaf-scholz-finance-minister-christian-lindner/
So my comment was poking fun at this and suggesting that if they had bigger and more corporations paying more tax they would not be having these problems, but that’s obviously not even starting on the real fix for the debt brake problem (which is getting rid of it)