When the Euro collapses, Germany, being the “richest” of the Eurozone countries will take a HUGE hit.
Furthermore - on what basis do you claim that Germany’s finances are reasonable? What is Germany ratio of Current Debt to GDP? What is thier REAL New Debt to GDP ration?
Supposedly, ALL Eurozone members were limited to 3.0%. Germany was the first to break that rule. Over the years, not one country (to include Greece) has been truely disciplined under this rule - indeed most have continually reported to be within the limits!
The collapse is coming and Germany is in panic mode because they KNOW what it will mean for thier economy when it happens!
Germany
Fiscal Deficits (% of GDP, year, then percentage/estimate)
07 -0.5
09 -4.2
10e -4.6
14e 0.0
Public Debt (% of GDP, year, then percentage/estimate)
07 63
09 79
10e 85
14e 89
UK
Fiscal Deficits (% of GDP, year, then percentage/estimate)
07 -2.6
09 -11.6
10e -13.2
14e -6.8
Public Debt (% of GDP, year, then percentage/estimate)
07 44
09 69
10e 82
14e 98