Based on the official European data (Eurostat), Belgium is the leader of the national debt per resident, after Ireland. Nowadays the total Belgian government debt amounts to 388 billion euro, representing more than 34.000 euro per resident. Currently the debt accrual amounts to 500 euro per second and the 400 billion limit soon will be reached. Notwithstanding the fact that the Belgian implicit tax rate on labour (42.8 %) is the highest tax burden of Europe, Belgium is the ace of this negative record! At what point will this end?
None of the European countries succeed in achieving a positive balance at all. With the exception of Germany the national debt is increasing substantially every year for all the European countries and seems to be never-ending. The global national debt of all 28 European countries aggregates up to more than 11.000 billion euro, representing an average of over 22.000 euro per resident. Where will this end?
Which company, organization or individual can survive such a negative outcome? Apparently all European governments are successful as such! Based on these facts one can only conclude for a state of virtual bankruptcy of Europe! Perhaps mysterious powers are in the game! Perhaps it is five to twelve! Perhaps time is right for a solution as suggested in the website www.finalcrisiskiller.eu!