Re: Greece and the collapse of the global financial system
If the Greeks default, various European Union countries, such as Germany, Italy, Spain and France will lose billions of Euros. Germany alone will lose some 56 billion, which can crush the German economy. Economies all over the Europe will be affected as a result of this, as most of them are dependent on Germany.
it will lose 80-90 billion but no, that wont crush germany. it is just more debt.