Post
Topic
Board Politics & Society
Re: Greece and the collapse of the global financial system
by
bryant.coleman
on 28/06/2015, 07:51:42 UTC
it will lose 80-90 billion but no, that wont crush germany. it is just more debt.

Care to explain why this will not crush the German economy? The German GDP is worth some €3 trillion, and the debts by Greee account for almost 3% of it. If Greece refuses to pay the debt to Germany, then 3% of the German GDP will vanish, in a matter of seconds. And considering the fact that the German GDP growth was just 1.6% in 2014, don't you think that this will start a recession in Germany?