Threats loom for Germany’s federal budget

Wolfgang Schauble - a European role model for austerity? (photo:dpa)
Wolfgang Schauble - a European role model for austerity? (photo:dpa)

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.

WOLFGANG Schauble, the German federal minister of finance, has announced his road-map for balancing the budget by 2016. If this is achieved it will be the first time since 1969 that Germany has done this.

At first glance, the figures look impressive – especially when compared with most other EU ...

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