Germany Raids Healthcare Funds to Support Refugee Crisis

Germany Map 3D

COMMENT: Dear Martin, you always claim that the costs for social security will become unpayable from 2017 onwards. In Germany we have health care system organized by the federal government / the federal state. The government now created a “turbo” to bankrupt this system: The government passed a law that allows them to take 1.5 billion euros from the liquidity reserve of the public health care fund (10 billion euros in total, paid by all members and additionally by the taxpayer) and to give that money to refugees / asylum seekers. What would you call this? Insane?

Thank you for all you do!

Kind regards,

Michael

ANSWER: You are correct. The refugee crisis is rippling through every aspect of the economy. Germany is seeking to pay for the crisis the government created and will not reverse their policy.

Latest Posts

The Libs of Canada Did Not Get the Message

https://www.armstrongeconomics.com/wp-content/uploads/2025/01/Canada-Joke.mp4   This piece of Rhetoric demonstrates that the politicians of Canada may have forced Trudeau to resign as the head of the Party; this is correct insofar as Canadians [...]
Read more

Market Talk – January 7, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 776.25 points or 1.97% to 40,083.30 • Shanghai increased 22.72 points or 0.71% to 3,229.64 [...]
Read more