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How does this make sense? Greece accounts for less than 1% of German exports. Germany gave Greece 80B to protect 4B worth of exports?
by derriz 11y ago
How does this make sense? Greece accounts for less than 1% of German exports. Germany gave Greece 80B to protect 4B worth of exports?
- Someone 11y agoI don't argue it makes sense, but Germany also got a few years of interest on those loans. Could they have gotten the same interest elsewhere for significantly less risk? I doubt it. There also are claims Germany made lots of money on the crisis itself because it made it cheaper for them to borrow money (http://www.keeptalkinggreece.com/2015/08/10/study-germany-made-e100bn-profit-on-greek-crisis/ http://www.keeptalkinggreece.com/2015/08/10/study-germany-ma...)