Safe-haven Germany is doomed to become dangerously overpopulated with debt, sooner or later.

Sir, “Debt turbulence hits Germany” writes Michael Steen, January 16. 

Forget it, real debt turbulence is still ahead of Germany. With bank regulations that so outlandishly favor what is perceived as absolutely not risky, the safe-haven Germany will become dangerously overpopulated with debt, sooner or later, one way or another. Just like the AAA rated securities collateralized with mortgages to the subprime sector in the US, or just like Greece.