Monday, 26 September 2011

Germany Has 5 Trillion Euros of Hidden Debt, Handelsblatt Says


Germany’s public debt is much higher than officially shown,Handelsblatt reported, citing calculations by Bernd Raffelhueschen, an economics professor at Freiburg University.
Apart from 2 trillion euros ($2.7 trillion) of public debt, there are liabilities of another 5 trillion euros because of shortfalls in the social security and pension funds, according to Raffelhueschen, the newspaper said.

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