European financial assistance – Germany’s exposure is average

The ESM programme for Greece ends this month. It is a good opportunity to take stock. By setting up a financial bailout package, the members of the monetary union made a joint effort to safeguard the stability and integrity of the euro area. It did not require any transfer payments. While the recipient countries had to adopt strict austerity measures, the monetary union assumed the repayment risk for the European financial assistance. A look at how the exposure is spread across the individual countries also shows that, in relation to economic performance, Germany is far from being the country carrying the heaviest load.

European financial assistance – Germany’s exposure is average(PDF, 42 KB, non-accessible)