But it’s ultimately up to the Germans themselves whether they want to take on the debts of their neighbors and help pay them either in the form of a bigger bailout fund or in the form of Euro Bonds.
Right now the Germans seem to be saying they want a bigger bailout fund. But the other shoe hasn’t dropped yet. They said yes to the bigger fund, but they want to renegotiate all the conditions.
So in this endless Greek debt crisis, Germany hasn’t finished defining itself yet