The German government is at a breaking point over a 60 billion euro ($65.3 billion) hole in its budget. That’s because the Constitutional Court ruled a financial maneuver on climate mitigation policies illegal.
Germany has the lowest debt ratio of the G7 and one of only 11 countries with a AAA rating. That means Germany has among the lowest borrowing costs of any country in the world.
Basicly it is just a way to pretend there is a budget crisis to cut benefits and hand money to the rich and not a real crisis.
Doesn’t change the fact that it’s failing. Regardless of the crisis is real or imaginary those with money and power need those who create their wealth to always be in survival mode. They don’t have enough power in Germany to create the crisis in the free market economic side, but they sure as hell can pay politicians to cut social investments programs while not increasing wages to get the workers in survival mode.
Capitalism is failing all over the world.
Germany has the lowest debt ratio of the G7 and one of only 11 countries with a AAA rating. That means Germany has among the lowest borrowing costs of any country in the world.
Basicly it is just a way to pretend there is a budget crisis to cut benefits and hand money to the rich and not a real crisis.
Doesn’t change the fact that it’s failing. Regardless of the crisis is real or imaginary those with money and power need those who create their wealth to always be in survival mode. They don’t have enough power in Germany to create the crisis in the free market economic side, but they sure as hell can pay politicians to cut social investments programs while not increasing wages to get the workers in survival mode.