Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


€55 bn

Germany has raised over a quarter of its total EFSF obligation of €211 billion by way of what is essentially magic. The Telegraph reports that "Germany is €55bn richer than it previously thought because of an accounting error at state-owned bank Hypo Real Estate Holding. Germany’s 2010 debt-to-GDP ratio also drops, to 83.2% from the previous 84.2%, a finance ministry spokesman said.

Share this article :

Related contents ...

Can governments really save money by creating disasters abroad?

Propaganda Wars: interest on Greek debt is not "profit"


April’15 Financial & Fiscal Features Newsletter
Easing and Volatility | More woes in Carinthia

2015 IREF Workshop in Spain
Monetary policies, taxation and entrepreneurship 6 years into the crisis



Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy
C L O S E

Monthly newsletter
Receive our publications for free