Taxpayers Damned If Berlin Moves, Damned If It Doesn't: Greeks Crisis Threatens German State Banks

28th April 2010, Comments 0 comments

Many in Germany are asking this week what is better: Direct aid or debt restructuring for Greece? But much of the country's exposure to Greek bonds is through banks that are state-owned, so it looks like taxpayers will get stuck with a big fat Greek bill no matter what happens.

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