Countries most exposed to Greece
France and Germany have the greatest exposure to Greece and their banks are expected to be the one’s with the lion’s share of the losses in the voluntary debt exchange deal.
Here is a chart from the BBC below, detailing the exposure to sovereign and non-sovereign debtors.
Source: Greece aid package boosts stock markets – BBC News
I cant see how german tax payers will be happy to fork out another fortune to give german banks another $60 billion back door bailout.