There's a Hole in the Budget... What the Greece Deal Means for German Finances

Finance Minister Wolfgang Schäuble insisted on Tuesday that the new deal aimed at slashing Greece's debt load won't cost German taxpayers. It will, however, deny Germany billions in expected revenues. And the feared debt cut may be just around a not-too-distant corner.
German Finance Minister Wolfgang Schäuble said on Tuesday that Germany will forego some revenue to help Greece.

German Finance Minister Wolfgang Schäuble said on Tuesday that Germany will forego some revenue to help Greece.

Foto: THOMAS PETER/ REUTERS
cgh -- with wire reports