Hol
Well-known
It’s not every day that top officials of the German Bundesbank take an explicit stance on daily politics.
Nagel’s stark warnings about Germany’s debt and the government’s creative accounting were surely met with grim recognition in Berlin’s corridors of power. Open criticism is rare there, and when it comes from credible insiders, it stings even more.
Chancellor Friedrich Merz and his Finance Minister Lars Klingbeil apparently still believe the fairy tale that debt-fueled demand policy can create economic miracles, generate growth, and deliver real prosperity. The result: a staggering debt binge that threatens to finish Germany economically.
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Nagel’s stark warnings about Germany’s debt and the government’s creative accounting were surely met with grim recognition in Berlin’s corridors of power. Open criticism is rare there, and when it comes from credible insiders, it stings even more.
Chancellor Friedrich Merz and his Finance Minister Lars Klingbeil apparently still believe the fairy tale that debt-fueled demand policy can create economic miracles, generate growth, and deliver real prosperity. The result: a staggering debt binge that threatens to finish Germany economically.
Germany's Debt Spiral: Bundesbank Chief Breaks Silence<!-- --> | ZeroHedge
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