Look at this site: http://www.usdebtclock.org/world-debt-clock.html and you can see for yourself the real truth.
Germany
External deb/GDP=148%
Public debt/GDP=83%
France
External deb/GDP=198%
Public debt/GDP=88%
They both have about the same ratio of public debt/GDP as Portugal and both are in EXCESS of external debt/GDP of Italy.
I sent this information to Bloomberg but they prefer to ignore the truth and speak instead of how good the economy is in Germany.
Will anyone please tell me how or why the media is doing this? Is there some data that I am unaware of? Help!
Answer on Why dos the media say Germany is in good financial shape when it is just as bad as France?
It is a scam on the public. No matter what anyone says, as I have heard many responses lately including Germany being an "exporter" and someone listing so many products on another site, but the fact remains, no matter what is being exported, debt is debt, and if Germany is doing so well with its exports it should be reflected positively in the debt figures but it is not.
As a percent of GDP, the debt figure for Germany is actually worse than the United States. In absolute magnitude, however it isn't as bad as the United States but this is not as crucial as the percent to its OWN GDP.
