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.

http://www.bloomberg.com/news/2011-09-23/germany-has-5-trillion-euros-of-hidden-debt-handelsblatt-says.html