Germany is a very serious country.
The people there work hard, and they have good engineers.
After the Weimar Republic, which overprinted money so much that you needed a wheelbarrow to do your grocery shopping (to take your paper money to the store, not to take your food home), Germany generated a war machine that required the combined efforts of the Allies to defeat.
But it was much easier to defeat German resolve to bail-out Greece.
Germany produces industrial products. A lot of 'em. So when it sells them, Germany makes a lotta Euros. A lotta, I tell you.
Greece makes sheep and wine and some cheese and tomatoes. They're all good, but they don't sell for as many Euros as a Mercedes.
Germany has begun the retreat from Greece, having bailed out the insolvent country one too many times to make German taxpayers happy.
In the retreat, Germany is opening up a discussion that has moved from theoretical to extremely practical: how does a country go bankrupt?
When a country goes bankrupt, how to the creditors file Proofs of Claim?
Where is the First Meeting of Creditors for Greece going to be held?
Inquiring minds want to know!
