December 12, 2008

Germany disagrees with rescue plans

Despite the many meetings that are happening across Europe with a view to save the collective economies, Germany remains stead fast in their plan not to do anything to help out the banks or any other struggling industry.

They go as far to say that the recent changes in that the UK government have implemented are both breathtaking and crass.

In response source within the government are saying that the Germans are out of step with what is going on the financial world and with the actions that most countries plan to attack these problems.

The German finance minister made an example, he said that are people really going to buy a DVD player because the VAT reductions have reduced the price by a massive 80p, he has a point there.

However, the most important note is that the Germans believe that the debt that the UK has now built up will take a generation to pay off.

Source [World of Currencies]