Germany says U.S. debt levels “much too high”

Reuters
Sept 11, 2012

German Finance Minister Wolfgang Schaeuble questioned on Tuesday how the United States could deal with its high levels of government debt after November’s presidential election.

In a speech to the Bundestag lower house of parliament to open a debate on the 2013 German budget, Schaeuble said worries about U.S. debt were a burden for the global economy, hitting back at Washington which has criticized Europe for failing to get a grip on its own debt crisis.

In private, German officials often express concern about U.S. debt levels and the inability of politicians there to reach a consensus on how to reduce it, but Schaeuble’s public remarks underscore the extent of the worries in Germany.

Full article here

This article was posted: Tuesday, September 11, 2012 at 8:08 am

---

---

---

---

Infowars.com Videos:

Comment on this article

Comments are closed.