3 ms·

Greece is 2% of the EU economy ...

• netcan 11y ago
  ..but more than 2% of germany's export market. Also, Greece is a sort of canary for larger countries: Italy, Spain, Portugal, and to an extent, France.
  • eamsen 11y ago
    In 2014, Germany's exports to Greece grossed ~5 billion Euro [1] which is less than 0.5% of Germany's total exports. [1] https://de.wikipedia.org/wiki/Wirtschaft_Deutschlands https://de.wikipedia.org/wiki/Wirtschaft_Deutschlands (for the lack of a better source)
    • netcan 11y ago
      I stand corrected. *edit, does this include interest payments?
• zhte415 11y ago
  Germans have to put their money somewhere. A significant proportion of the Eurobubble / PIGS mess was German savings leading to German banks funding banks in outer Eurozone that in turn funded bubbles and speculation, and the bigger the bubble, the more they received from German banks.