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

Posted By admin On September 11, 2012 @ 8:08 am In Money Watch | Comments Disabled

Reuters [1]
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 [1]

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URLs in this post:

[1] Reuters: http://www.reuters.com/article/2012/09/11/us-germany-usa-debt-idUSBRE88A0F020120911

[2] Debt Levels Are Skyrocketing To Extremely Dangerous Levels – How Long Can This Possibly Keep Going?: http://www.prisonplanet.com/debt-levels-are-skyrocketing-to-extremely-dangerous-levels-how-long-can-this-possibly-keep-going.html

[3] Buffett, others say high U.S. debt levels pose risks: http://www.prisonplanet.com/buffett-others-say-high-us-debt-levels-pose-risks.html

[4] US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion: http://www.prisonplanet.com/us-debtgdp-hits-post-ww2-high-99-5-following-55-billion-overnight-debt-increase-total-debt-now-over-15-1-trillion.html

[5] Portugal And Ireland’s Private Debt Levels Are Far Worse Than Even Greece: http://www.prisonplanet.com/portugal-and-irelands-private-debt-levels-are-far-worse-than-even-greece.html

[6] Report: France & Germany Begin Talks To Break Up Eurozone: http://www.prisonplanet.com/report-france-germany-begin-talks-to-break-up-eurozone.html

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