German government debt keeps climbing relentlessly higher and reached an all-time high during the first three months of this year. The federal, state and local governments then reached a debt to the tune of 2 trillion euros.
That was 2.1 percent or 42.3 billion euros higher (deeper?) than in the previous year’s quarter, reported the Federal Office of Statistics in Wiesbaden on Monday.
Now if only Greece and Co. could learn to control their government spending like the Germans do. Oh, wait. They already have. Or do. Or whatever.
Deutschlands Staatsschulden auf Rekordhoch gestiegen