The loans from the federal budget to keep the Federal Employment Agency financially afloat are reaching ever new dimensions, said Schäfer to the F.A.Z. #Arbeitslosigkeit #Schulden #BundesagenturFürArbeit (translated)
The Federal Employment Agency is facing a financial gap of over ten billion euros due to rising expenses for unemployment benefits and increasing legal uncertainty regarding further borrowing to cover these deficits. #Arbeitslosigkeit #Schulden #BundesagenturFürArbeit (translated)
The enemy of savings books wrote that in the federal budget for 2027, despite record tax revenues, 204 billion euros in new debts are planned. He described this as completely irrational and announced that he would secure his money in stocks, real estate, gold, and Bitcoin. He also warned that the next wave of inflation is already approaching. #Schulden #Inflation #Vermögensschutz (translated)
Dr. David Lütke wrote that the state collects a trillion in taxes and additionally incurs a trillion in new debts. According to him, these amounts lead to 1.3 percent growth and minus 3.3 percent inflation, which he summarized as a two percent recession. He described the best news as a resignation from Merz. https://t.co/CBYKTaS0aR #Steuern #Wirtschaft #Politik (translated)
According to Franzén, CEO of the European private equity company EQT, he sees opportunities for investments in biotechnology and healthcare in the face of Europe's current challenges, despite the high debt burden and rising interest rates. #EQT #Startup #Biotechnologie (translated)
The Australian exchange student estimated the net investment rate at -0.23 percent, the government quota at 52 percent, and the funding deficit at 100 billion. The national debt is almost 3 trillion euros, the tax burden is at 53 percent, and including consumption taxes, it is more than 70 percent, he wrote. He held socialists and individuals he deemed economically uneducated responsible for this financial situation. #Staatsfinanzen #Wirtschaft #Schulden (translated)
Furkan Yildirim wrote that the US Treasury could auction fewer long-term government bonds as early as November and possibly discontinue the 20-year term altogether. According to Yildirim, Citigroup expects Secretary of the Treasury Scott Bessent to announce a $3 billion reduction in auctions for 20- and 30-year bonds each on November 4. The financing gap is to be closed with government securities maturing within a year at the latest. The department may also ask large banks next week whether pension funds now prefer bonds from Amazon, Meta, and Alphabet to those of the state. The 20-year bond was reintroduced in 2020 after a 34-year hiatus and now offers nearly 5.7 percent interest, more than any other US maturity. At the end of 2020, its yield was just under 1.5 percent. At the same time, Alphabet, Amazon, Meta, Microsoft, Oracle, and SpaceX had already issued dollar bonds amounting to more than $180 billion in 2026; according to Yildirim, Amazon's bonds extend to 2076. According to asset manager TwentyFour, which Yildirim cited, Japanese investors are now receiving enough interest at home to invest their money there. Citi strategist Jason Williams wrote that pension funds may currently be more inclined than usual to invest in long-term corporate bonds of good quality. However, BNP Paribas strategists doubted that smaller auctions would reduce the government's financing costs. Yildirim also pointed out that the yield on 10-year US bonds serves as a basis for mortgages and many other loans, and Bessent had referred to it as an important measure of his success. With an annual deficit of nearly $2 trillion, the debt burden continues to grow as competition for long-term buyers increases. #Finanzen #Anleihen #Wirtschaft (translated)
The author of the article wrote that the head of the Economic Council had warned that France was dangerously close to the tipping point of its debt. https://t.co/nR3KaIGFiC #Frankreich #Schulden #Wirtschaft #FR (translated)
The author wrote that Germany is increasingly coming under economic pressure and the government is responding with even more debt, the repayment of which is becoming more difficult. He also believes that companies like BMW are falling into a trap by prioritizing principles over economic considerations. https://t.co/FiUQroNs58 #Wirtschaft #Schulden #BMW #DE (translated)
Criticism of the budget decisions was also expressed by the then opposition leader Friedrich Merz. #Haushalt #Schuldenbremse #Ampelkoalition (translated)
Finance Minister Christian Lindner had already announced back then that he wanted to have these points reviewed constitutionally once again. #Haushalt #Schuldenbremse #Ampelkoalition (translated)
"That works" Scholz on household report: "That works" #Haushalt #Schuldenbremse #Ampelkoalition (translated)
"The core of the new regulation is a limited credit capacity of the Autobahn GmbH starting in 2027," said department head Steffen Bilger. #Haushalt #Schuldenbremse #Ampelkoalition (translated)
The federal government has passed a change in legislation that will allow the Autobahn GmbH to have limited borrowing capacity starting in 2027, resolving an earlier dispute between Christian Lindner and Olaf Scholz over debt for infrastructure. #Haushalt #Schuldenbremse #Ampelkoalition (translated)
Max Stirner wrote that Hitler is often described as a fraud who only forced the economic upturn through massive, debt-financed rearmament. In light of the tragic history, he ironically added that one has learned a lot from it. #Geschichte #Lernen #Wirtschaft (translated)
We are in the year 2012 and the Eurozone is in the midst of the debt crisis when Mario Draghi says: In times like these, the greatest risk is inaction, saying no to everything. #Schuldenkrise #Eurozone #Finanzpolitik (translated)
Europe has failed to consolidate its state budgets despite low refinancing costs in the past, which is now leading to rising debts and financial difficulties, particularly in countries like France that are suffering from political instability. #Schuldenkrise #Eurozone #Finanzpolitik (translated)
The article by Markus Marterbauer addresses the challenges faced by the Finance Minister in Austria, whose increasingly close ties to the structurally conservative representation of workers prevent him from pushing necessary reforms such as tax relief and an increase in the retirement age, while at the same time the country's debt burden is rising. #Wirtschaft #Politik #Österreich (translated)
Oliver Gorus wrote that Stelter is correct in his analysis; he listens to his podcast regularly. The problem, however, is not a lack of knowledge: politicians are aware of the situation but follow systemic incentives that, in his view, favor more redistribution, social welfare, debt, taxes, and contributions, as well as a higher state quota. This secures their positions and pensions. Gorus considered a course change unrealistic. According to his portrayal, political actors benefited from the decline and did not care about decreasing prosperity. He compared them to residents of the Wandlitz forest settlement negotiating their next role among themselves. He asked how long the substance of the private sector would last and whether the euro, the EU, or the Federal Republic would collapse first. Genuine reform within the existing structures seems unlikely to him. The next government would probably be Green-Red-Red, Gorus wrote, because retirees and other recipients of transfers formed the largest voter block; after that, things would really get going in the "ghost train." #Politik #Gesellschaft #Wirtschaft (translated)
The current student protests in France, accompanied by violence and massive riots, highlight the alarming social consequences of high public debt, which has now reached nearly 120 percent of GDP, and serve as a warning signal for other European countries. #Schuldenkrise #Frankreich #Proteste (translated)
