It's a pretty good video. One thing it doesn't cover (or only implies) is that the debtor's countries spending plays a role in fueling the richer countries econ

It's a pretty good video. One thing it doesn't cover (or only implies) is that the debtor's countries spending plays a role in fueling the richer countries economies. Germany is in a better situation because of many fundamentals, but exporting to Greece (on borrowed money) didn't hurt. Borrowing to spend without considering whether you can repay is irresponsible. Lending money to someone so that they can buy from you, without considering whether they can repay is also irresponsible. As much as Greece is guilty of the former, Germany is of the later. Here's an other article putting a different spin on this: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11584031/Germanys-record-trade-surplus-is-a-bigger-threat-to-euro-than-Greece.html http://www.telegraph.co.uk/finance/comment/ambroseevans_prit...