The Germans are squirming now! Their banks are the ones who loaned the most money to Greece. So much for German banking prowess. It takes two to make a bad loan, an overstretched borrower and a greedy lender. Greece should abandon the Euro and let the German and French banks eat their losses. Unfortunately, the Government i.e. taxpayers will end up covering the loss for the stupid bankers. This scenario seems to be repeating itself all over the world. Banks need to be strictly regulated as they have proved over and over that they cannot be trusted to act prudently with other peoples money.
The Germans have made a large bet
That Greece would stand up to it’s debt,
But the problem’s not easing
With continual squeezing
In this sovereign game of roulette.