Quite a staggering amount, but ZeroHedge have calculated Germany’s debt/GDP at 139.8% when you factor in all its commitments. Eurostat deliberately leaves out certain information to help paint a brighter picture but the following breadown was uncovered by ZeroHedges digging.
Germany
German Gross Domestic Product (GDP): $3.2 trillion
Official German Sovereign Debt: $2.618 trillion
Percentage of Liabilities at the European Union: 27%
Percentage of Liabilities at the ECB 18.94%
Germany’s Percentage of the ECB Debt ($4 trillion) $757.6 billion
German annual cost for the EU budget $46.36 billion
German Guarantees for the Stabilization Funds $280.6 billion
German Guarantees for the Macro Financial Assistance Fund $211.14 billion
German Target-2 Liabilities $656 billion
German Guarantee for the EIB Debt $157.29 billion
Sovereign Guarantee for KFW $588 billion
Total German Sovereign Debt & Guarantees $5.315 trillion
Official debt to GDP Ratio 81.8%
Actual German Debt to GDP Ratio 139.8%
Vincent Attard
Apr 05, 2012 @ 03:13:09
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