December 17, 2013

Germany's Coming Downgrade

Eijffinge & Mujagic, Project Syndicate

The Associated Press

Germany’s public debt is higher than the Netherlands’, especially considering that the Dutch have a natural-gas supply worth well over 20% of GDP and pension-fund savings of some €1 trillion ($1.37 trillion), or roughly 140% of GDP. And, while Germany’s fiscal position is currently much healthier than that of the Netherlands, owing to its exceptional economic performance since the crisis began, faltering output is now threatening to weaken it considerably.

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TAGGED: Netherlands, Germany, Europe, Eurozone

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