Accounting error over-estimates German debt by €55bn

A huge accounting error has been uncovered in Germany, where €55bn was mis-counted.

Accounting error over-estimates German debt by €55bn
Tue, 01 Nov, 2011 - 17:27

A huge accounting error has been uncovered in Germany, where €55bn was mis-counted.

The revelation comes after a "double-counting" error added €3.6bn to Irish debt, as reported today by TV3.

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CourtsEconomic crisisPlace: GermanyPerson: Finance MinisterOrganisation: TV3Organisation: Hypo Real EstateOrganisation: German government
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