Seat of power: the Reichstag in Berlin, home to the German government. The country's politicians will hope any slump does not lead to the sort of civil unrest which saw this building catch fire in 1933 Photo: AP Germany's Slump Risks 'Explosive' Mood As Second Banking Crisis Looms -- The Telegraph
A clutch of political and labour leaders in Germany have raised the spectre of civil unrest after the country's leading institutes forecast a 6pc contraction of gross domestic product this year, a slump reminiscent of 1931 and bad enough to drive unemployment to 4.7m by 2010.
Michael Sommer, leader of the DGB trade union federation, called the latest wave of sackings a "declaration of war" against Germany's workers. "Social unrest can no longer be ruled out," he said.
Gesine Swann, presidential candidate for the Social Democrats, said "the mood could turn explosive" over the next three months unless the government takes drastic action.
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My Comment: When I see the huge debt and leverage that is out there .... particularly in Europe .... you know that it cannot sustain itself. When this bubble will burst .... I do not know. But burst it will.