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Old 17th Feb 2017, 14:36   #1 (permalink)
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The 6.2 billion Euro question

The German surplus to their budget this year is 6.2 billion euros, a tidy sum.

After much discussion as to spend it on health care, a tax rebate, helping small businesses the German government in its wisdom has decided to give it away to immigrants.

As we speak the entire continent of Africa is preparing to move to Germany for their slice of this free money. People smugglers are now looking to buy second-hand cross channel ferries, screw the inflatables...

This will destabilise an already fragile Europe...
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Old 17th Feb 2017, 14:45   #2 (permalink)
 
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Do you have a current non-alt facts source for that...all I could find was this from Jan 12:

Germany posts 6.2 billion euro budget surplus in 2016 - sources | Reuters

Edit to add: Just seen this elsewhere, "The dispute over how last year’s budget surplus is used will have to be settled within the next week, otherwise the €6.2 billion will, by default, be diverted to the government’s reserve fund for refugees, which would then grow to €18 billion."...has this actually happened?
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Old 17th Feb 2017, 15:11   #3 (permalink)
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Only various German newspapers /media stating the two parties could not agree on what to do wit the money and hence it defaults to immigrant aid.

https://global.handelsblatt.com/fina...ollapse-704421
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Old 17th Feb 2017, 17:53   #4 (permalink)
 
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Germany spent 21.6 billion € in 2016 on the refugee crisis and plans with 21.3 billion in 2017. Quite a bit (over 7 billion) was spent for keeping refugees away in deals with Turkey and direct help in countries where those refugees come from.

Refugee numbers have declined a lot, after 890.000 in 2015 it was only 280.000 in 2016.

Germany has refinanced a lot of its debt with negative interest, investors basically pay germany to be allowed to give it money, which has reduced interest payments from over 21 billion € in 2015 to "just" 17.5 in 2016. At the same time tax income has risen considerably, unemployment is at a very low level. All in all the current economical situation is not that bad.
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Old 17th Feb 2017, 18:20   #5 (permalink)
 
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You'd think that they might cut Greece a bit of slack then
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Old 17th Feb 2017, 18:34   #6 (permalink)
 
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Do they not have a 'defence' department that can spend it for them?
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Old 17th Feb 2017, 20:41   #7 (permalink)
 
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D D

Thanks for the refrence...I know early in the debate there was talk of using it to update things such as the national or at least regional Broadband infrastructure, shame the pollies couldn't agree.

I suppose if as Denti says the money could be used "in keeping refugees away in deals with Turkey and direct help in countries where those refugees come from". it might help in keeping those car ferries away.
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Old 18th Feb 2017, 08:02   #8 (permalink)
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Quote:
Germany has refinanced a lot of its debt with negative interest, investors basically pay germany to be allowed to give it money,
So why don't they use the surplus to pay off older loans that have higher interest rates? Or is that too obvious for a pollie?
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Old 18th Feb 2017, 10:19   #9 (permalink)
 
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Do they not have a 'defence' department that can spend it for them?
I think that their NATO spending is down to around 1.3% of GDP, less than nearly all other NATO members with the exception of Canada.
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Old 18th Feb 2017, 10:30   #10 (permalink)
 
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Merkel has announced that they are in no hurry to meet the NATO financing commitments - they have better things to spend it on.


Likely on her personal disaster.
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Old 18th Feb 2017, 13:32   #11 (permalink)
 
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Germany's defence spending would have to rise to a total of some 60 billion euros to meet the 2% target. The current planned military budget for the year 2020 is 39.2 billion euros. There's an obvious destination for that 6.2bn€ budget surplus.
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Old 18th Feb 2017, 16:07   #12 (permalink)
 
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Just in case anyone is wondering what a country needs to do to get a 6.2billion surplus here's a clue.

Germany has budgeted about 100million for developing autonomous vehicles. Around half going to industry, half to academia.
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Old 18th Feb 2017, 16:15   #13 (permalink)
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A Nigerian prince needs the money please send......
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Old 18th Feb 2017, 16:39   #14 (permalink)
 
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Maybe we could generate a surplus if we also abdicated our collective defence commitments. Some treaties are clearly not considered binding.
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Old 18th Feb 2017, 16:46   #15 (permalink)
 
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Germany spends rather more than the UK does on conventional arms and personnel. The UK ends up with a bigger overall bill because of Trident.
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Old 18th Feb 2017, 17:23   #16 (permalink)
 
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And when Germany does spend its money on defence it manages to avoid the debacles which make UK defence spending such bad value:
AWACS Nimrod, couldn't get it to work.
MR4 Nimrod, couldn't get the bits to fit together.
Tornado ADV, couldn't get it to fly high enough to Vis ID a typical airliner.
Sea Harrier AMRAAM fit, got it to work and promptly scrapped the aircraft.

Apologies for the aviation content.
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Old 18th Feb 2017, 17:40   #17 (permalink)
 
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Well, Germany has its own military problems...

A400M, only one or two intermittently serviceable after long delays.
Eurohawk. Half a billion blown out, then cancelled, and occasionally looked at again.
Tornados, CH53 etc. Large numbers of AOGs.

This seems to be a feature common to several military forces.
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Old 18th Feb 2017, 18:25   #18 (permalink)
 
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Crap answer JJ. Germany cannot take the moral high ground with Trump about the Russian threat when it doesn't pull its weight. As Tu mentions Germany has plenty of its own development problems, you can add NH90 to his list as well.

I think you look at the world through rose tinted specs:

https://www.ft.com/content/3c9d0754-...7-00144feab7de

Pulling Germany's Military Back from the Brink | The National Interest

Ombudsman: German army is ?short of almost everything? | News | DW.COM | 26.01.2016
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Old 18th Feb 2017, 18:52   #19 (permalink)
 
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Could become an interesting conspiracy theory:
Merkels, a former? committed communist running Germany.
Merkels effectively leading the EU as most of the others couldn't organize an orgy in a brothel. (As in leading an economic and political disaster in waiting)
Merkels importing into Germany and thence the EU over a million fifth columnists from unassimilable, violence prone, unstable cultures. The EU doing precious little to stem the mass exodus from Africa.
Merkels slowly depleting the German armed forces and cpaying lip service support for NATO.
Britain bailed because they saw what was coming down the pipe.
Putin sitting in an armchair by the fireplace puffing a cigar and musing..."Hell, we don't have to do anything at all, it's all going to fall into place, it's just a matter of time."
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Old 18th Feb 2017, 19:07   #20 (permalink)
 
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Not an original view meadowrun:

NATO?s Germany problem ? POLITICO
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