Germany's Shadow Budgets: Bundesbank Warns Of Fiscal Collapse.

Tyler Durden . . . . . . . . . . . Article

Germany is following France into the debt trap. With “special funds” and shadow budgets, Berlin hides real borrowing while inflating liabilities

With the creation of “special funds” and shadow budgets, the German government is evading fiscal transparency and undermining parliamentary control – a practice now sharply criticized by both the Bundesbank and the Federal Audit Office.