Germany has biggest Budget Surplus of All Times

Supafly

Retired Mod
Bronze Member
So much for all those crying about our generosity and humanitarian efforts to lend a hand to so many refugees looking for help from the wars in the middle east and elsewhere:

We stand better than ever, and not a single of our german citizens had an euro less due to the help we gave and continue to give, just the opposite, more refugees are, in the end, more likely to further our wealth

This article from the "Financial Times Deutschland" shows the numbers

Germany’s record budget surplus triggers calls for tax cuts

Surplus equivalent to 2.9% of economic output is highest since reunification in 1990



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https://www.ft.com/content/ce744c1e-a784-11e8-8ecf-a7ae1beff35b

Germany recorded a record budget surplus in the first half of this year, an achievement that immediately triggered calls for tax cuts and higher public investment.

According to figures released by the federal statistical office, Germany had a surplus of €48.1bn in the first six months of 2018, equivalent to 2.9 per cent of economic output — the highest level since German reunification in 1990.

The figure is much higher than the surplus for the whole of last year, which stood at €34bn. That suggests that the number for 2018 could set new records. Berenberg Bank predicted it would be equivalent to 1.7 per cent of gross domestic product, compared with 1.2 per cent last year.

The numbers were released at a time when Germany’s surpluses are under mounting international scrutiny. President Donald Trump has long complained about German cars “flooding the US market” and pointed to the German trade surplus as evidence of how the US is being exploited by its international partners.

In May, French president Emmanuel Macron also urged Berlin to desist from “constantly fetishising budget and trade surpluses”, adding that they “always arise at the expense of others”.
...

https://www.ft.com/content/ce744c1e-a784-11e8-8ecf-a7ae1beff35b
 

georges

Moderator
Staff member
I am not atsonished because Germans made already the necessary reforms back in the 90's however the fact that Merkel welcomed 1 million migrants wasn't a smart move.
 

Supafly

Retired Mod
Bronze Member
It can be discussed if humanitarian decisions are smart or wise.

I think they are both.
And:

You keep talking about "1 million", do you have some officially accepted statistic for that?
 
I am not atsonished because Germans made already the necessary reforms back in the 90's however the fact that Merkel welcomed 1 million migrants wasn't a smart move.
But Germany had a Left-Wing Socialist leader (Gerhard Schroder) for 7 years (1998 - 2005).
I would have hought it would have destroyed Germany's economy, that it would have made Germany look like Venezuela or Cuba...
 

georges

Moderator
Staff member
But Germany had a Left-Wing Socialist leader (Gerhard Schroder) for 7 years (1998 - 2005).
I would have hought it would have destroyed Germany's economy, that it would have made Germany look like Venezuela or Cuba...

Germany was an exception back then unlike France which had Chirac and which did jackshit to reform France properly. However Merkel's reign alongwith its left wing has shown its limits, you can't welcome all the third world misery.
 
Germany was an exception back then unlike France which had Chirac and which did jackshit to reform France properly. However Merkel's reign alongwith its left wing has shown its limits, you can't welcome all the third world misery.
Aside from her stance on refugees, Merkel's policies are right-wing
 

Supafly

Retired Mod
Bronze Member

Georges - I checked that:

You are right. Here are the stats from the german ministry for refugees etc.

http://www.bamf.de/DE/Infothek/Statistiken/Asylzahlen/asylzahlen-node.html

Looking over the past years, 2016 was the peak with ~750.000 refugees, and the three main countries, Syria, Afghanistan and Iraq have various percentages of success in seeking refuge. Syria almost 100%, the others a bot less than 70%.

Yetm financially, that is not a problem, and if you try to construct a "muslim danger": Just look at the percentage of muslim citizens in various cities. And do not forget:

There are more muslim "branches of faith", so to say, than christian churches. They will never join into a single movement, like catholics, evangelicals and free chrurches won't

I do not like Mrs. Merkel, but she is right:

We Got This.
 
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