Thursday, April 15, 2021

Alice Weidel, April 14, 2021, State Debt

AfD Kompakt, April 14, 2021

The debts carousel spins ever faster. The officially vouched German state debt swells to 2.7 trillion euros; the sustainability deficit, comprised of the implicit state debt of politically engaged and uncovered payments obligations, amounts to five times as much. The continuation of the irresponsible lockdowns will widen this gap still further.

With the endless lockdown policy, the Federal government knowingly and willfully drives the German state finances to the wall. The agreement to the so-called Corona “reconstruction funds” has thrown open the door to boundless EU indebtedness at the cost of the German taxpayer. A bursting of the bubble due to an over-exertion of the German economy’s still high credit and capability threatens to collapse the euro’s house of cards.

The reckoning for this will presented to the Hauptbürgen [principal guarantors] of Germany. The way out lies not in a still more unlimited making of debts and the elimination of the debt brake, the last line of stability, but in the immediate ending of the lockdown spiral and in the withdrawal from the euro debts union.

 

[trans: tem]