Germany
Fiscal Deficits (% of GDP, year, then percentage/estimate)
07 -0.5
09 -4.2
10e -4.6
14e 0.0
Public Debt (% of GDP, year, then percentage/estimate)
07 63
09 79
10e 85
14e 89
UK
Fiscal Deficits (% of GDP, year, then percentage/estimate)
07 -2.6
09 -11.6
10e -13.2
14e -6.8
Public Debt (% of GDP, year, then percentage/estimate)
07 44
09 69
10e 82
14e 98
Germany is very export dependent. How are they going to sell their expensive tools, cars to people who can only pay in junk money? Exports will collapse. And then do you think the German consumer will, with Europe collapsing like a pile of salt in the rain, open up their wallets and produce a internal spending boom? I think not.