The federal states are reeling from two separate crises. One of them is the refugee problem, in which over a million people have fled to Germany from war-torn nations such as Syria, Iraq and Afghanistan. The second is EU citizens claiming state benefits in Germany, which is costing the country another US$650 million a year. The federal states say the system cannot handle the avalanche of claims. Continue reading
After a weak first quarter, America’s financials are bloated while the real economy is barely a step away from recession, however, the overall economy is closer to a lengthy stagnation rather than a full-blown demise.
Kristian Rouz – US economy has not fared well in 2015 thus far, staggering and almost nearing a halt in Q1 as the federal government has been gradually reducing its investment in the non-financial sector. Continue reading