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Precisely. That is why Germany does not have a great domestic economy, all of their wealth is generated from exports, i.e. first we lend you the money, then you buy our expensive cars with the money, then we ask for the money back ;-)


And then I bail you out with the money from my high income tax.

You have the car. The carmaker has it's money. The bank has it's money. I don't have a car. I've paid for all this ;-)


Eh, who exactly is getting bailed out? I think you mean loans, which are expected to be paid back in full (and up until very recently, interest was also paid on these "bail outs" making it a profitable venture for the country doing the lending).


With bail out, I mean you default on the debt and I pay your dept towards a bank.


Nobody has defaulted (yet!).




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