You would think, however, that Schauble, as FinMin would be aware of similar dealings in Germany itslef. KfW took a $50 billion loan a couple years ago, but that does not as German debt. Similarly, there were billions that Germany took in with securitization from Deutsche Telekom, Deutsche Post and Postbank. These also don't show on the ledger. The Greek currency swap deal was for $1 billion. The German deals were for $58 billion.

In addition, the USA sent $20+ billion in bailout money for German banks last year, which included a couple billion for state-owned KfW.

Schäuble must be aware of these deals.