€500 billion = US$679 billion. The USA decided to put US$700 billion in their bailout plan. Are they therefore 700/679 = 1.03 times as daring as the Germans? Well, no, US gross national income is US$13,886.472 billion, while German is US$3,197.029 billion. As percentage of GNI, the German bailout is at 21.2%, while the US one is at a meager 5.0%. Hah, take that, USA! We won!
Now, the really funny thing is: when the US congress finally voted in favor of the bailout, our dear and elected leaders here in Germany assured us that such an act of Rex Kramer-like danger seeking wouldn’t be necessary for us. Oh, how times have changed – and how quickly.
It boggles the mind.