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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
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.
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URLs in this post:
 Reuters: http://www.reuters.com/article/2012/09/11/us-germany-usa-debt-idUSBRE88A0F020120911
 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
 Buffett, others say high U.S. debt levels pose risks: http://www.prisonplanet.com/buffett-others-say-high-us-debt-levels-pose-risks.html
 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
 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
 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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