• Germany's news in English

Euro crisis stokes inflation and debt fears

The Local · 26 May 2010, 12:20

Published: 26 May 2010 12:20 GMT+02:00

Facebook Twitter Google+ reddit

A whopping three quarters (76 percent) of the 1,000 people surveyed by Stern magazine said they were worried Germany would not be able to get its national debt under control. In February, before Greece was teetering on the edge of bankruptcy, only 14 percent of Germans had the same fear.

The Greek crisis, which has shaken confidence in Europe’s single currency the euro, has also sparked a surge in concern about inflation. Some 54 percent said they feared rising prices in the coming years, up 10 percentage points from the last poll.

The other worries preoccupying Germans included the safety of their pensions (59 percent), the fear politicians were incapable of handling the nation’s woes (59 percent), that children couldn’t receive a proper education (58 percent), and the worsening state of the environment (56 percent).

Story continues below…

After seemingly dithering for months over whether to bailout Greece, German Chancellor Angela Merkel backed a €750-billion eurozone rescue package in May. She has also called for stricter budgetary rules for the 16 nations belonging to the euro and is pushing for tax on financial transactions to help rein in the markets.

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

12:54 May 26, 2010 by Edmond Schindler
This article is all over the place, in itself it stokes the fears it alleges.

But the title catches the eye. I have managed to add nothing more to the topic than the article added to my knowledge of the topic! They both add up to gibberish dribble.

But someone will comment none the less...
18:53 May 26, 2010 by Murdo Mc Sponge
The German people are quite right to be concerned. They were signed up to the Euro under false pretences. Their politicians are determined to keep the dreadful euro show on the road, and will stop at nothing to do so, including throwing huge amounts of money at it - and that will cost German taxpayers a LOT of money!!

Germany should have kept out of it. The Eurosceptics were absolutely right that the whole Euro project would hit the buffers, and it has!! Wait until you see the inflation that is coming down the road!
21:43 May 26, 2010 by derExDeutsche
Oh yes, the Kooks can't stand it. They are/were wrong, but they will NEVER admit it.

To them this article and the FACT that the German economy might collapse under the weight of the Euro, and how Germans feel about it is complete, 'gibberish dribble'.

Get with the Truth, Kooks. Germany is in BIG financial trouble. All the kookery and red herrings you cook up is not going to change the FACTS!

But keep it up, we all want your BIG mouth open, so we can point to whos utopia got us into this mess.

'and the worsening state of the environment' LOL. Kooks, looks like you might be able squeeze a few more Marks out of this!
02:36 June 8, 2010 by grazhdanin
how inventive - an article in which appears the term 'crisis' - please post more of those
Today's headlines
Man dies after beating for peeing near Freiburg church
The Johannes Church in Freiburg. Photo Jörgens Mi/Wikipedia

A middle-aged man from southern Germany has died after being attacked by a group of men who took umbrage with the fact he was urinating in the vicinity of a church.

The Local List
Seven German celebrities with uncanny doppelgängers
Former Berlin mayor Klaus Wowereit and actor Alec Baldwin. Photo: DPA; Gage Skidmore, Wikimedia Commons

Check out these seven look-a-likes of well known German figures - we admit that some are more tenuous than others...

Israel seeks to buy three new German submarines: report
A Dolphin class submarine. Photo: DPA

Israel is seeking to buy three more advanced submarines from Germany at a combined price of €1.2 billion, an Israeli newspaper reported Friday.

Here’s where people live the longest in Germany
Photo: DPA

Germans down south seem to know the secret to a long life.

More Germans identify as LGBT than in rest of Europe
Photo: DPA

The percentage of the German population which identifies as lesbian, gay, bisexual or transgender is higher than anywhere else in Europe, according to a new study.

'Reichsbürger' pair attack police in Saxony-Anhalt
File photo: DPA.

A "Reichsbürger" and his wife attacked police officers on Thursday, just a day after another Reichsbürger fatally shot an officer in Bavaria.

Five things not to miss at the Frankfurt Book Fair
Photo: DPA

From consulting a book doctor to immersing yourself in an author's world with the help of virtual reality, here are five things not to miss at this week's Frankfurt Book Fair, the world's largest publishing event.

Parents who don't get nursery spot for kid entitled to pay
Photo: DPA

The Federal Court of Justice (BGH) ruled on Thursday that parents whose children don't receive placements in nursery care are entitled to compensation.

Eurowings braces as cabin crew union proclaims strike
Photo: DPA

A union representing cabin crew for Lufthansa's budget airline Eurowings announced that strikes could take place at any time over the next two weeks, starting on Monday.

Mysterious German U-boat wreckage found off Scotland
Photo: ScottishPower

First World War U-boat "attacked by sea monster” thought to be found off Scottish coast.

Sponsored Article
How to vote absentee from abroad in the US elections
10 things you never knew about socialist East Germany
Sponsored Article
Last chance to vote absentee in the US elections
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
Sponsored Article
How to vote absentee from abroad in the US elections
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd