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