Re: Germany .... Ouch !
Originally Posted by
swimfeeders
->
Hi
Germany is in a much better financial situation than the UK with a much better level of Public Services.
Unemployment is the biggest threat to Germany and the repayment of all the German bonds that have been loaned to other member states such as Greece, Spain, Portugal, Italy and Ireland.
So far, Lagarde is warning of inflation increases and unless the EU resolves its vaccine crisis soon, it could end up in a whole world of trouble, with hyper inflation, businesses going to the wall, higher unemployment and the banks starting to fail again. If that happens, Germany could well start to call in its debts and devastate the Eurozone, if those countries default, it could be the start of the end game for the Eurozone.