Eurostat is a decision issued

Eurostat is a decision issued last week requires Germany to include the balance sheets

of state banks that are loaded with toxic paper and non-strategic assets in government debt of the country!

The result of this move if made final, will be a sharp increase in government debt of Germany to 90% of GDP from 79% today!

According to the German Die Zeit, Eurostat has called on Germany to incorporate the debt of WestLB and Hypo Real Estate (which has not passed the stress test) in the German national debt!

The implications of this decision creates a precedent and mass can affect the entire Eurozone and the U.S..

The Eurostat decision cuts the Gordian knot of the dilemma whether or not enrollment in the state budget debts of bankrupt financial institutions.

Adding such debt HypoRE the German government debt will raise the second at 90% of GDP in Germany from 79% today, well above that of the 60% required by the Maastricht Treaty. In one night!

The next question: what will happen to the nationalized British Royal Banc of Scotland and the $ 168 billion debt?

The total UK debt is $ 1.2 trillion, and a corresponding movement there would increase the national debt of Britain by 15%, also in one night!

And what about the other European banks are loaded with trillions of toxic bonds? Would allow states to bear the weight?

And finally, what about the bankrupt Fannie and Freddie's the $ 6 + trillion in America?

America's debt is $ 13.3 trillion, and in such a case would rise to $ 20 trillion (140% of GDP).

Although ultimately the decision of Eurostat implemented, would cause even a sovereign debt crisis across the Eurozone, sharply increasing the proportion of debt to GDP of countries by 15-20%.

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Eurostat is a decision issued

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