1. Germany, Greece and Existing Debt
... repaying their debts but I think Germany realizes it is in their best interest to continue to loan to them. Germany and other Northern European economies are somewhat stuck in a tricky situation here. They have been providing loans to the Greek government and its difficult to just stop. They have incentive to keep loaning to them due to the fact that they started loaning ... can't just print money to spend like the United States is able to do. Due to the shared Euro, a further Greek deterioration could affect the German banks and cause their currency value to drop. This would decrease a...
- Word Count: 731
- Approx Pages: 3
- Grade Level: High School