Thursday, May 19, 2011

IFO chief Hans Werner Sinn about Germany's situation & future

Mr. Sinn,a wise economy specialist and chief of the economy research institute speaks out against the money wasting German politik and it's consequences.I strongly recomment this article in the Handelsblatt:
http://www.handelsblatt.com/politik/konjunktur/nachrichten/in-der-krise-ist-eine-verheerende-mentalitaet-ausgebrochen/4192122.html

(Google translator interpets this page into allmost any language for non German speakers.)

He tells why we left the country 7 years ago.:(

For instance this market text of the article for itself is just unbelivable:
(The national depts deficit of Germany was in 2010 12,8% of the yearly GDP through the founding of the "Bad Banks"!)

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