Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Angela Merkel Cheers as Germany’s Budget Surplus Hits Record Right: Let’s Pretend

Friday, February 24, 2017 18:11
% of readers think this story is Fact. Add your two cents.

(Before It's News)

mishtalk.com / Mike “Mish” Shedlock / February 23, 2017 1:58:16

Thanks to negative interest rates at the ECB, record low unemployment, and a desire to maintain a balanced budget, Germany’s Budget Surplus Hit a Record High since reunification in 1991.

Chancellor Angela Merkel is singing a happy tune, but the austerity message will not play well with most of the Eurozone.

Germany’s statistical office on Thursday reported the country was in the black by €23.7bn last year, with local, state and central government coffers benefiting from record-low unemployment and ultra-cheap debt finance stemming from the European Central Bank’s mass purchases of sovereign bonds.

Chancellor Angela Merkel’s government, which has vowed to maintain a balanced budget as a cornerstone of its economic policy, hailed the larger surplus. “These figures show that Germany is doing well,” said Jens Spahn, deputy finance minister. “We invest more than ever — and still have surpluses.”

READ MORE

The post Angela Merkel Cheers as Germany’s Budget Surplus Hits Record Right: Let’s Pretend appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/24/angela-merkel-cheers-as-germanys-budget-surplus-hits-record-right-lets-pretend/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.