Germany’s Debt Cannon Fails: Special Fund Fuels Bureaucracy, Not Growth Submitted by Thomas Kolbe The German federal government is firing its big debt cannon at the ongoing recession. So far, with zero effect. Berlin is about to learn the hard way that you cannot create prosperity with a money printer. In March, the federal government launched its major investment offensive – starting with the first bond tranche meant to fuel the so-called “special fund” with fresh credit. Credit Pump Running Hot Every year, new bonds with maturities of five to thirty years are to be issued in volumes of €50… — Continue at ZeroHedge News : Read More
