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Germany will balance its public finances this year after previously forecasting a deficit of...

Germany will balance its public finances this year after previously forecasting a deficit of 0.5% of GDP. The finance ministry has cut its debt-GDP ratio forecast to 81.5% from 83.5%, with federal net new borrowing expected at €25B vs a prior prediction of €28.1B.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    That's good news. Now let's pull the American forces out of there. Germany can reconstitute its defenses just as they did in the thirties, and we won't have to go back until they attempt to over-run their neighbors which could be several decades away.
    3 Dec 2012, 07:37 AM Reply Like
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