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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 o
by 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.