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82 Million Soon To Be Very Angry Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP http://www.zerohedge.com/article/fatal-flaw-europes-second-

• j_baker 15y ago
  If only it were that simple. It probably won't only be the Germans who end up footing the bill for this. As I understand it, German banks bought Credit Default Swaps on these loans, so there's no telling who will ultimately end up footing the bill.
  • marshray 15y ago
    US taxpayers, citizens, and any others who slave away under US federal debt: http://en.wikipedia.org/wiki/American_International_Group#Federal_Reserve_bailout http://en.wikipedia.org/wiki/American_International_Group#Fe...
• forgottenpaswrd 15y ago
  Not that simple, do you know where much of the money from Greece has gone all this years? Weapons developed by Germany, and German industrial products bought with loans by Greeks, like cars, cranes and bulldozers. Do you know witch country benefits from a weak euro so the can export a lot?
  • blumentopf 15y ago
    Germany has basically subsidized its formerly East-German states for 20 years now. Very much comparible in my opinion. After reunification, most East-German companies were not competitive (in large part due to the 1:1 exchange rate between East-Mark and DMark which was chosen for political reasons) and they never really catched up. But for West-German companies, it's a nice market to sell their products. The real problem is that there are or will be efforts by the EU to persuade e.g. Greece to heighten the retirement age, or Ireland to increase corporate taxes -- without proper democratic legitimization. That's scary.