martes, 22 de noviembre de 2011

Germany's Finances Not as Sound as Believed

By Ralf Neukirch and Christian Reiermann
Spiegel International

Photo Gallery: Germany's Debt Problem

Carsten Koall/ DER SPIEGEL

The German government likes to pride itself on its solid finances and claim the country is a safe haven for investors. But Germany's budget management is not nearly as exemplary as it would have people believe, and the national debt is way over the EU's limit. In some respects, Italy's finances are in much better shape.

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