Comments by "Joey" (@Joey-ct8bm) on "Recession and a deadlocked government: Is the German economy going down the drain? | To the Point" video.

  1. Germany is currently building the biggest windenergy farm at sea of Europe and still have half the debt to gdp than France, the US and Italy. They will get back up.
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  2.  @keto0303  The Kazachstan government has been in contact with the west about trade deals, so they must be unhappy with Putin. Azerbaijan and Armenia already flipped to the side of NATO. Who were in the same CSTO military alliance as Kazachstan with Russia. Their neighbor Uzbekistan already signed deals with the west too this year. Also a CSTO country, but not for much longer. These are countries in direct war with Ukraine doing trade deals with the west and pulling their people from the Ukraine Russia conflict and cancelling the CSTO.
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  3. It's also a choice. You can do it like the US and invest a lot, but take trillions of debt. The US will have to cutback within 10 years. Germany could survive any crisis with low debt to gdp. We do the same thing in the Netherlands and our debt to gdp is 49%. Even lower. This is the time for Germany to borrow a little more though.
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  4. Germany has low debt to gdp of 60% though. France and Italy have double the debt of Germany on a lower gdp.
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  5. At least they don't have a 19% interest rate like Russia.
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  6.  @Nileeshgaawre  Not Russia, but Kazachstan. Who are a ally of Russia, but aren't happy.
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  7. Italy has double the debt of gdp than Germany and has more than double the budget deficit this year than Germany. Germany could borrow for 30 years and it wouldn't be as bad as the economy of Italy. Germany even saved Italy during COVID. France and Italy are the ones in real trouble in the EU. Hungary isn't doing so great either.
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  8.  @erwin734  At least they don't have a 19% interest rate like Russia.
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