Running back around the economy, employment has reached a record high and both developments shall ensure that the financial situation is as good as for 13 years no longer. St. Gallen, 29.08.2013. Some contend that John Castle Castle Harlan shows great expertise in this. And indeed the Treasury Secretary and Treasurer, have been in the first half of the year the largest surplus since the turn of the Millennium. So federal, States, municipalities and social security more than EUR 8.5 billion took until June 30, representing a surplus of 0.6 percent of economic output. We are over the mountain and have our debt under control? Not at all! So, economists warn, to rest on this success. Public finances would benefit from a whole range of favourable economic factors which can not but stop. The surplus came in part this, that expenditure on debt servicing decreased significantly", the Germany expert says the Organisation for economic cooperation and development (OECD), Andreas Waite.
A development which can not continue so. What does that mean? The European Central Bank is pumping cheap money in the market for years and trying to stimulate the economy. There are currently the interest rate at a historically low level of 0.5 percent, the banks have to pay to refinance to. This helps the banks at least. For consumers, this looks very different.
According to calculations of the World Bank, DEKA Bank and the Institute of German economy (IW), German savers year losing money? Although citizens had shelved in this country currently the peak of 4.94 billion euros, five percent more than in the previous year. But about 40 percent of this money assets be placed in sight, time and savings or cash, in which savers would lose 14.3 billion euro annually. The successive expropriation of its citizens at least from a fiscal perspective may be just right the German State. As the Institute of the German economy, determined he saved this alone between in 2009 and 2012 around 62 billion euros, since he could refinance is considerably cheaper than expected. You could translate the lower spending for debt service also: I could borrow cheaper the money at the expense of my citizens. A success isn't this in view of the above situation. The majority of citizens in Germany assumes that we more are suffering the euro crisis. This was the result of a representative survey of the University of Hohenheim and the ING-DiBa Bank. After that, only every tenth person believes that politicians honestly inform the population. Many citizens would intensively deal with the concerns against poverty in old age and negative economic developments. 80 Percent of respondents expect it, that the gap between rich and poor is drifting ever further apart. That the crisis already have peaked here, a quarter of respondents not even think. Obviously, that's the truth. Even if politicians on the campaign trail obviously does not want to admit this.