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 ...

And Yet It Grows. Crisis, Ideology, and Interventionist Policy Ratchets
by Christian Bjørnskov and Martin Rode

Ten Years from the onset of the Great Financial Crisis. What has been reformed?


The need for the pension privatisation

ECB Interest Rate: One Size Doesn’t Fit All



Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy
CLOSE

Monthly newsletter
Receive our publications for free