Wednesday, 20 July 2011

German deficit higher than expected

http://de.nachrichten.yahoo.com/hre-belastet-staatsfinanzen-offenbar-st%C3%A4rker-bekannt-085956833.html;_ylt=Aqfzgpn9hZT5T6v46kI.wC.dfsl_;_ylu=X3oDMTM5aWJqNGJrBHBrZwNhNzAzOGQ3Ni0zOGQ4LTM2MWItYjAyMC1mNWM3N2U3ODcyZjEEcG9zAzMEc2VjA2luZGV4dG9wc3RvcnkEdmVyA2VkY2EwYmQwLWIyYWUtMTFlMC1iZGJmLTJjNDVlNmUzMzAxNw--;_ylg=X3oDMTFpaXNtc3BrBGludGwDZGUEbGFuZwNkZS1kZQRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

well, I lately saw a diagram, where the debt of a state was set in relation to the GDP. 2 circles had the same origin and 1 would then become bigger than the other. The circle would be solidly filled green if the GDP was somehow "bigger" than the debt. Spain looked pretty good, Germany looked still good, non-solid was Greece and really bad looked Italy.
Anyway, its somehow dangerous for Germany. Germany isnt so far away from the point where debt becomes bigger than GDP.

Now, Germany had to correct its debt prognosis due to Hypo real estate.

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