During that period, the fiscal deficit also reached double-digit levels as a percentage of GDP, and debt, which has been accumulating ever since, will take a long time before it can be repaid.
But what is occasionally overlooked is that large-scale privatisations of telecommunications, postal services, the electricity industry and the railways have taken place or are planned, and that industry is using the opportunities which this presents. V Things are also moving in the field of fiscal policy - including in Germany.