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Hamburg and Munich face budget cuts and mushrooming debt.
After umpteen rescue plans, Europe remains a long way from coming to grips with its mushrooming debt crisis.
Politicians have expanded the safety net without a commensurate increase in revenues, a primary reason for the government's annual deficits and mushrooming debt.
Other traditional havens, including stock and currency markets in Japan and Europe that might have been tempting in the past, are hardly appealing today, given the slow growth and mushrooming debt problems in those areas.
There are concerns in Tokyo, for example, that a possible downgrade could shake investor confidence in Japan's own mushrooming debt, which is already twice the size of its $5 trillion economy.
With those purchases, China is lending money to the United States, helping the U.S. fund its massive budget deficit and mushrooming debt.
Similar(51)
Public borrowing continues to mushroom: public debt is set to top $30 billion, equal to 86% of GDP, by the end of the year.
But in the race to be all we can be, consumer debt is mushrooming without any limits of its own.
The company is hobbled by £7.5bn of debt, a mushrooming pension deficit and, most pressingly, the collapse in profits in its important home market.
Earnings and returns collapsed, assets written down and debt mushroomed.
Americans spent a lot, and saved little even as the public debt mushroomed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com