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Skybird · 11-22-12, 06:14 PM

I sometimes mention "official" versus "implicit" or "unofficial" debts, and while explaining briefly what I mean by that, the term "implicit debts" is my own, since as far as I know there is no general term being used in description of what I refer to. So it is possible that there is some confusion, or that I even hijacked the term and abuse it somehow. I am not familiar with precise economic terminology.

What I refer to, is that while everybody knows what is meant when a statistic says "debts are 70% of that nations GDP", "implicit debts", as I call them, add to these already manifest debts those debts that will become reality in the forseeable future, by obligations of the state that have their roots in policies whose financial consequences still need to unfold int he future, or in present conditions that again will lad to consequences of the future. The most prominent example are future pensioners. These are employees who still are working right now, but in some years will be leaving the job-world and then get payed by social budgets of the state, adding a financial burden to it. Social systems are the biggest contributor to the explosion of implicit debts.

The following is a study done by the German Stiftung Martkwirtschaft, that examines Germany'S implicit debts. In the present, the government says that German debts are around 80% of Germany'S GDP, or around 2 trillion. The study shows a calculation of implicit/future debts rising to 230% of the GDP, or 5,9 trillion in total. In various threads I mentioned the implicit/future debt to be around 6-8 or 6-9 trillions. Note that somewhere in the study there is a link to another study indeed calculating for a total of 8 trillion in future debts.

The study compares European states by their implicit debts, and surprisingly sees Italy to be the best performing candidate in this category, and surprisingly again Luxembourg being one of the worst future protagonists.

The study bases on raw data by the European Commission.

LINK: Tatsächliche Staatsverschuldung im Überblick

The outlook for many European nations is grim. Worst it will become in Ireland, Luxembourg and Greece. They all have a sustainability gap beyond 1000% (one thousand percent). The UK is close to this bottom group, with almost 900%.

The abstract of the study is available in English here: LINK

11-22-12, 06:14 PM	#15
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,637 Downloads: 10 Uploads: 0	I sometimes mention "official" versus "implicit" or "unofficial" debts, and while explaining briefly what I mean by that, the term "implicit debts" is my own, since as far as I know there is no general term being used in description of what I refer to. So it is possible that there is some confusion, or that I even hijacked the term and abuse it somehow. I am not familiar with precise economic terminology. What I refer to, is that while everybody knows what is meant when a statistic says "debts are 70% of that nations GDP", "implicit debts", as I call them, add to these already manifest debts those debts that will become reality in the forseeable future, by obligations of the state that have their roots in policies whose financial consequences still need to unfold int he future, or in present conditions that again will lad to consequences of the future. The most prominent example are future pensioners. These are employees who still are working right now, but in some years will be leaving the job-world and then get payed by social budgets of the state, adding a financial burden to it. Social systems are the biggest contributor to the explosion of implicit debts. The following is a study done by the German Stiftung Martkwirtschaft, that examines Germany'S implicit debts. In the present, the government says that German debts are around 80% of Germany'S GDP, or around 2 trillion. The study shows a calculation of implicit/future debts rising to 230% of the GDP, or 5,9 trillion in total. In various threads I mentioned the implicit/future debt to be around 6-8 or 6-9 trillions. Note that somewhere in the study there is a link to another study indeed calculating for a total of 8 trillion in future debts. The study compares European states by their implicit debts, and surprisingly sees Italy to be the best performing candidate in this category, and surprisingly again Luxembourg being one of the worst future protagonists. The study bases on raw data by the European Commission. LINK: Tatsächliche Staatsverschuldung im Überblick The outlook for many European nations is grim. Worst it will become in Ireland, Luxembourg and Greece. They all have a sustainability gap beyond 1000% (one thousand percent). The UK is close to this bottom group, with almost 900%. The abstract of the study is available in English here: LINK __________________ If you feel nuts, consult an expert. Last edited by Skybird; 11-22-12 at 06:28 PM.