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IPFS News Link • Economy - International

German Banks Face Massive Exposure to Defaulting PIIGS

05-05-2010 • Businessinsider.com/

German banks' exposure to Greece is huge, at 33 billion euros as shown in the graphic from Der Spiegel below, but their exposure to Italy and Spain is far larger at 123.5 and 156.4 billion euros respectively. They also have almost as much exposure to Portugal as they do to Greece.

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