Your Tax Euros At Work

SPD Governor (Rhineland-Palatinate) Kurt Beck just can’t resign, Nürnburgring bankruptcy or not. This is because, well, “he’s been in office longer than any other German governor” out there. Or is that maybe part of the problem?

Nuerburgring GmbH, 90 percent owned by the state, ran into financial trouble amid a dispute with the track’s operator over leasing fees, and Rhineland-Palatinate has sought to restructure the company with the help of a bridge financing package.

„Jetzt wird es Zeit, dass MP Beck selbst politische Insolvenz anmeldet.“

One response

  1. The lame thing is that it’s hard to see how you COULDN’T have formula one without the government owning an awful lot of the tracks. It’s like giving food stamps to car companies for their advertising.

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