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Germany: Has a Budget Surplus

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02-03-2008, 11:53 AM	#1 (permalink)
nhboy Don't Tase Me, Bro! Member Since: Aug 2007 Posts: 4,910 Blog Entries: 16	Germany: Has a Budget Surplus " Handelsblatt reports that Germany’s preliminary budget numbers look very good indeed; they’re looking at a budget surplus of a couple of billion euros, the first since reunification (not counting the UMTS mobile phone licence auction in 2000). Real GDP growth of 2.5 per cent is forecast; most of the extra cash came from the rise in VAT and fiscal drag. It certainly seems a great position to be in at the beginning of a downturn." A Fistful Of Euros » Blog Archive » Germany: Has a Budget Surplus __________________ "The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it" (Terry Prachett) The Pledge Disabled American Veterans The Marine Defense Fund Medical Aid for Iraqi Children
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