Not debt-free

Just to clarify Germany isn't debt-free, nor funded by their own state bank

  • Jul. 31, 2014 2:00 p.m.

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