German Government’S Fiscal Position Is Extremely Weak

[fritter1970]

There have been posts by some German contributors to the Thaivisa business forum promoting Germany as the financial muscle of the EU. Unfortunately such confidence is a sad psychological allusion.

Stanford University and David M. Walker (former U.S. Comptroller General) have destroyed the idea that Germany can bail out the EU when it comes to the crunch. The truth is that the German Government’s fiscal position is so poor that it will not even be able to bail itself out when GFC2 ensues.

Germany ranks a dismal 25 in Stanford University’s “Sovereign Fiscal Responsibility Index”. It ranks far below the UK, and is below France and even Spain. It only ranks slightly ahead of Belgium, Italy and the United Sates.

It is interesting to note that the highest ranked country is Australia. A country that has very low public debt and an economy that is projected to derive enormous income from massive natural resource reserves for decades to come.

So the humbling message to our proud and over-confident German contributors? Pack your bags and head to where the wealth truly exists..... Australia.

[Naam]

So the humbling message to our proud and over-confident German contributors? Pack your bags and head to where the wealth truly exists..... Australia.

how would these poor over-confident Germans make a living in wealthy Australia? teaching English?

[7by7]

Not Thai related; closed.