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It was Brussels’ misguided political agenda of
an “ever-closer union” and economic “harmonization” that brought the euro into
its current trouble. The common currency is worth salvaging. It can work fine
and be of great benefit to the European community if put on sound macroeconomic
and institutional footing.
Prince Michael of Liechtenstein
Dr. Emmanuel Martin
The current situation of Germany’s federal fiscal affairs seems comfortable at first glance, but the future drain on the country’s budget is likely to be dramatic as Germany faces a demographic timebomb and future commitments. GIS expert Prof Dr Michael Wohlgemuth takes a look at the current situation and the future debt in the second of his four-part series.
Dr. Michael Wohlgemuth