Germany finds extra 55bn down the back of the sofa

[sasguru]

So what have the Deutsch been splashing the cash on?

Prior to the Hartz reforms, the square heads had one of the most unsustainable, generous welfare systems in the world.
If you became unemployed, it paid, under certain conditions, 75-85% of your previous salary for a year on top of other benefits.
No wonder even the Germans built up debt.

[BlasterBates]

"The country now expects its ratio of debt to GDP to be 81.1% for 2011"

Makes the UK debt ratio look almost respectable! Can't all have been spent propping up the euro/Greece and the cost of propping up the banks is usually exempt from debt/GDP calculations (or at least it is here, which might explain a bit...)

So what have the Deutsch been splashing the cash on?

It does if you exclude the bank bail out, bear in mind UK is running a 10% deficit year by year, so it's racking up huge increases per year, Germany is now running a balanced budget more or less. The UK deficit stands at 76%, though the government has a second figure which excludes bank bail outs at around 60%, but the real figure stands at 76%. The government would argue although it's 76%, "16%" of it isn't their fault.

All different, all ugly in their own way | The Great Debate UK

[Ravello]

"The country now expects its ratio of debt to GDP to be 81.1% for 2011"

Makes the UK debt ratio look almost respectable! Can't all have been spent propping up the euro/Greece and the cost of propping up the banks is usually exempt from debt/GDP calculations (or at least it is here, which might explain a bit...)

So what have the Deutsch been splashing the cash on?

[darmstadt]

Still got no mates in germany, eh?

The reason is twofold: (1) most Germans aren't a very sociable people especially where Auslander are involved
(2) they can smell a plonker a mile off.

HTH, BIDI.

1 - wrong
2 - correct

HTH, LMAA

[sasguru]

Quick have a look under the couch, behind the fridge wherever you never know what you'll find.

Germany finds extra 55bn euros after accounting error

Still got no mates in germany, eh?

The reason is twofold: (1) most Germans aren't a very sociable people especially where Auslander are involved
(2) they can smell a plonker a mile off.

HTH, BIDI.

[wim121]

Mehhh it's quite possible. Imagine the loot we could find if we searched the money laundering pot of our own government masqueraded as a charity.

Arent vile crimes and fraud fun, if you're rich or powerful enough to be absolved of any responsibility?

[OwlHoot]

Quick have a look under the couch, behind the fridge wherever you never know what you'll find.

Germany finds extra 55bn euros after accounting error

Accounting error my Aunt Fannie

Bang goes their secret EU Wehrmacht stash for the time being

[oracleslave]

[scooterscot]

Quick have a look under the couch, behind the fridge wherever you never know what you'll find.

Germany finds extra 55bn euros after accounting error