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State premier questions constitutional debt-brake

The Local · 28 Sep 2011, 08:18

Published: 28 Sep 2011 08:18 GMT+02:00

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Speaking in Wednesday's edition of Die Welt newspaper, Kramp-Karrenbauer said the constitutional debt ceiling had been conceived before the economic crisis began.

"But if this situation doesn't exist anymore because of the national debt crisis and the necessary rescue measures, then the economic basis has changed," she said.

Kramp-Karrenbauer also warned against allowing Greece to go bankrupt. "No expert can 100 percent rule out the danger that this would lead to a domino effect, where banks and states fall and at the end the currency union collapses," she said.

She also warned that a Greek bankruptcy would not be easy to control. "At the moment we don't have any instruments for an orderly bankruptcy," she added.

DAPD/The Local/bk

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The Local (news@thelocal.de)

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Your comments about this article

14:56 September 28, 2011 by jbaker
The money system has failed. The bankers want a One World Government - so they can more easily control the world. When we get rid of money - We take away the power of bankers-politicians-kings & queens.

Humanity can survive without money and government equally with no starvation and homeless. We can all share in the modern conveniences, if we choose to - or live simply if we choose to. People will do jobs that they like to do, not what they have to do to survive.

There are people that like to farm,make beds,build things etc.... control over people needs to end!
18:14 September 28, 2011 by finanzdoktor
Frau Kramp-Karrenbauer has a point. How is Germany, after making promises to fund the EFSF and other financial guarantees, going to ensure they do not go above a pre-crisis determined ceiling? Of course, the Bundestag is there as a backstop, but how well can or will it accomplish this role? From domestic programs? Is that what the German populuce wants? Sounds like she is correctly asking questions about the pseudo-transfer union that seems to be appearing on the European horizon.
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