>hard to know if German bonds are really less safe It's more of a currency based risk. You're probably right that Germany is as safe of a bet (if not more) to

>hard to know if German bonds are really less safe It's more of a currency based risk. You're probably right that Germany is as safe of a bet (if not more) to pay back their bonds than the US is. The question is how much 100 Euro is going to be worth in 10 year.