Consequences of Debt Restructuring What Would a Greek Haircut Mean for Germany?

It's the worst-case scenario: Greece no longer able to get loans, with creditors having to wave goodbye to a chunk of their money. But what would it mean for Germany? Would the state have to bail out the banks again, and would private investors also suffer badly? SPIEGEL ONLINE takes a look at the likely consequences.
The Frankfurt skyline: What would a Greek haircut mean for Germany?

The Frankfurt skyline: What would a Greek haircut mean for Germany?

Foto: dapd

German Banks' Exposure to Greek Debt

Source: Company figures, some values are estimates

German Banks' Exposure to Greek Debt

Source: Company figures, some values are estimates