There is a common responsibility in the European Union for helping countries that are hit harder by economic crises than the others. If Eurobonds create winners and losers, the same thing can be said about the economic crisis. Germany was one of the winners and therefore has the duty to help the others. The Eurozone crisis has created a bigger demand for German bonds and lowered the interest rate they have to pay. Germany has such low interest rates because Spain, Italy and Greece are incapable of sustaining their debt, it is therefore a safe haven for people who want to buy government bonds. It is estimated that Germany gained 41 billion euros [1] in ‘profit’ from these lower interest rates as a result of the crisis and therefore has the ability and the moral duty to help countries that are worse-off. More than that, every prudent creditor has a profligate debtor. French and German banks could risk loosing a few hundred millions each if Greece defaults, the creditor accepted the risk when they lent the money. [2] We should remember that the core of the economic success of countries such as Germany has been the Euro helping to increase exports; these exports were what Greeks were buying with the credit they were getting from foreign banks.  [1] SPIEGEL/cro, ‘Profiteering: Crisis Has Saved Germany 40 Billion Euros’, Spiegel Online, 19 August 2013,   [2] Slater, Steve, and Laurent, Lionel, ‘Analysis: Greek debt shadow looms over European banks’, Reuters, 20 April 2011,