Why did Germany try so hard to stop the European Central Bank from giving the eurozone a trillion-euro boost? Why did Germany decree fiscal austerity…

Source: foreignpolicy.com

"Germans have read plenty of articles alleging that Athens never should have been allowed to join the eurozone in the first place. But the bankers in Berlin know that each weak country that leaves the eurozone now is likely to push up the value of the euro. This would increase the value of German savings, but it would also harm exports, and at the moment Germany needs them more than ever. Moreover, uncertainty about the euro in the short term might cause investors to pull their money out of German securities, leading to lower asset values and higher interest rates — a double-whammy for wealth and economic growth."

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