... to the fact that they started loaning to them and it becomes a pretty vicious cycle. The Germans continue to loan to the Greeks because they share a currency and they are a monetary union. Since they are members of the Eurozone, Greece can't just print money to spend like the United States is able to do. Due to the shared Euro, a further Greek ... might feel a certain responsibility for the Greek debt crisis. Critics have accused the German government of hypocrisy. Some also believe that they pursued their own national interests by unwillingly adjusting fiscal policy to help correct the...

• Word Count: 731
• Approx Pages: 3
• Grade Level: High School