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Germany is the largest financial contributor to the bailout fund. It's power is the power to say "no more." http://www.wsj.com/articles/germany-has-a-lot-to-l
by _rpd 11y ago
Germany is the largest financial contributor to the bailout fund. It's power is the power to say "no more."
http://www.wsj.com/articles/germany-has-a-lot-to-lose-in-a-greek-euro-exit-1436205505 http://www.wsj.com/articles/germany-has-a-lot-to-lose-in-a-g...
- facepalm 11y agoSo the evilness of Germany is not donating Billions of Euros? Evil is not what it used to be anymore...
- _rpd 11y agoWhat's more, the founding treaties of the EU make it illegal for one member state to assume the debts of another member state. And the "no bailout" clause was added exactly in response to Northern European concerns that they would eventually be responsible for the debt incurred by Southern Europe. http://www.cfr.org/world/eurozone-crisis-historical-legacy/p22932 http://www.cfr.org/world/eurozone-crisis-historical-legacy/p...