Rus News Journal

Germany can get to a debt trap

Germany which lives beyond the means for a long time already, can get to a debt trap. It was declared by the president of the state central bank of Germany - Bundesbanka - Ernest Velteke.

The position concerning a present heavy financial position of Germany which, by estimations of local experts, only the shortage of taxes to the sum of an order 9 mlrd euro during the current year threatens, has voiced on Wednesday on newspaper pages " Velt " the main banker of the country. In particular, he has warned ABT danger of the further growth of a public debt.

at the same time, president Bundesbanka considers that " wrong would be to raise right now taxes or sharply to cut down state expenses ". Ernest Velteke has specified in necessity " complex reorganisation of all social system " Germany.

socially - political debate on this subject is now the basic in Germany. In the ranks of ruling Sotsial - the democratic party/ SDPG/ which chairman is German chancellor Gerhard Schroder, is not present unity concerning the program of measures offered by the government 4 reduction of state financing of social expenses.

the extreme congress SDPG which delegates will discuss reform of social system of Germany put forward by Schroder in Berlin is appointed to June, 1st. In particular, it is a question of reduction of unemployment benefits B4 level of the social help.

one of these days the German chancellor has declared readiness to leave the fast if will not RCV from party fellows of support in this important question 4 the country.