Letters to the Editor

Not debt-free

The letter of Russ Vinden (Private debt hurts, July 24) needs a little correction as Germany is not debt-free and is  not funded by their own state bank.

Germany and its countries have a debt of two trillion Euros. That means Euro 25,000 per capita, British Columbia  has “only” $13,000 per capita.

The funding of the debt in Germany took place by private investors and banks.

Wilfried G. Weber

Nanoose Bay

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