{"id":417486,"date":"2010-03-11T12:27:29","date_gmt":"2010-03-11T17:27:29","guid":{"rendered":"http:\/\/www.businessinsider.com\/did-germany-just-reveal-how-its-bailing-out-greece-2010-3"},"modified":"2010-03-11T12:27:29","modified_gmt":"2010-03-11T17:27:29","slug":"did-germany-just-reveal-how-its-bailing-out-greece","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/417486","title":{"rendered":"Did Germany Just Reveal How It’s Bailing Out Greece?"},"content":{"rendered":"

\"angela<\/p>\n

As we’ve suggested, the Greek crisis was solved by the French and German governments, who gave their banks wink-wink promises of bailouts and support, in exchange for them continuing to buy Greek debt.<\/p>\n

That really sounds like what’s going on here. (via Alea<\/a>)<\/p>\n

iMarketNews<\/a>:<\/p>\n

The German government said Thursday it is considering guaranteeing credit portfolios of private banks in order to create more leeway for banks to hand out business loans.<\/p>\n

“In order to avoid potential grave shortages in business financing the federal government ponders portfolio guarantees at risk-adequate prices to revive the granting of loans,” it said in a joint declaration with the country’s leading banking and business associations.<\/p>\n

The measures would be targeted especially to assure credit supply for medium-sized businesses.<\/p>\n

Ahead of the talks, Economics Minister Rainer Bruederle told reporters that “we don’t have a broad credit crunch but only partial problems.”<\/p>\n

So yes, technically this isn’t specifically about Greek debt, but so what? Money is fungible. You put money somewhere, and it frees money up for somewhere else.<\/p>\n

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