Germany Won More than EUR 1 Billion from the Greek Crises

Business » FINANCE | July 18, 2017, Tuesday // 13:47| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Germany Won More than EUR 1 Billion from the Greek Crises Source: Wikipedia

From 2009 the interest from the loans which the German financial institutions send to help the Greece economy are now more than EUR 1.34 billion according to data of the German ministry of Finance, cited by Suddeutsche Zeitung.

For example the German investment KfW granted a loan of EUR 15.2 billion in 2010. By now the interest is around EUR 393 million. Between 2010 and 2012 Bundesbank won EUR 952 million by buying government debt from the European Central Bank. Other countries from the Eurozone who participated in this scheme accepted to return their profit to the Greek Central Bank according to EurActiv. However, all operations of returning that profit to Greece stopped when in 2015 Alexis Tsipras became prime minister.

Now Atina works hard for making successful reforms in order to receive additional funding from the European Central Bank. Reported by Investor. 

Finance » Be a reporter: Write and send your article
Tags: Germany Greece, banks
Advertisement All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria