Germany's economic crisis threatens France
This is a Germany news story, published by Yahoo News Canada, that relates primarily to Friedrich Merz news.
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German fiscal disciplineTelegraph
•World
World
Germany faces its worst nightmare – becoming France
68% Informative
New chancellor likely to be Friedrich Merz if Olaf Scholz loses, as expected has the in-tray from hell.
Huge sums of money must be found for misfiring economy, pensions and defence.
Pressure to tear up public spending and debt rules that run deep in the national psyche.
Berlin insisted on strict EU -wide limits on budget deficits and public debt.
As things stand the European Commission judges Germany to be within deficit and spending limits, while France most definitely is not.
Last year , the French debt reached more than 2.7 trillion , which is 113.7 per cent of GDP.
Germany ’s public debt is more than two trillion roughly 62.4 percent of GDP..
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