Germany’s Problem With Greece’s Debts

J. Paul Getty (1892-1976) provided an excellent summary of Germany’s problem with Greece’s debts.  “If you owe the bank $100, that’s your problem.  If you owe the bank $100 million, that’s the bank’s problem.”

With that in mind, it will be interesting to see how this issue plays out over time.

All comments and suggestions are welcome.

Walter J. Kirchberger , CFA®