Photo Gallery Germany's Debt Problem
The German government likes to pride itself on its solid finances and claim the country is a safe haven for investors. But Germany's budget management is not nearly as exemplary as Berlin would have people believe, and the national debt is way over the EU's limit. In some respects, Italy's finances are in much better shape.
The German government likes to pride itself on its solid finances and claim the country is a safe haven for investors. But Germany's budget management is not nearly as exemplary as Berlin would have people believe. Here, German Finance Minister Wolfgang Schäuble (second from right) is seen at a euro-zone finance ministers' meeting in Brussels.
Foto: FRANCOIS LENOIR/ REUTERS
Germany needs to do more to get its budget deficit down, argues Jens Weidmann, the president of Germany's central bank, the Bundesbank. "Germany mustn't lose any time in balancing its budget," he says.
Foto: Boris Roessler/ dpa
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