It is widely believed that Germany’s fiscal position is the strongest in Europe and that it is the pillar of the Euro-zone.
Then something unexpected happened last week.
The German government could not borrow all the money it needed! Well, not at the currently low interest rates, at least. What if the financial market?realizes?that Germany’s fiscal position is actually worse than the United States??Kyle Bass, the manager of a hedge fund called Hayman Capital, ?who made millions by gambling against sub-prime mortgage bond market, explains…
Tags: Germany, Kyle Bass, national debt
