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13.07.2017 - 08: 00

Germany earned on the crisis in Greece 1,34 billion euros

Loans for Greece and the purchase of Greek bonds brought Germany billions in revenue, the newspaper Süddeutsche Zeitung reports. "Greens" called it immoral and called to list the interest received for Athens.

Loans for Greece and the purchase of Greek bonds brought Germany an income of 1,34 billion euros. This was reported on Wednesday, 12 July, the newspaper Süddeutsche Zeitung referring to the answer of the Ministry of Finance of the FRG to the questions of the "green" faction in the Bundestag.

So, the loan to Athens through the state bank KfW brought Berlin interest on the amount of 393 million euros. The share of profit received by the FRG from 2015 in the framework of the program of the European Central Bank for the repurchase of Greek bonds amounted to 952 million euros.

"Green" urged the government of Germany to transfer to Greece this profit. "The fact that Germany earns on the crisis in Greece is possible, legally, but in the moral sense of solidarity it is illegitimate," Süddeutsche Zeitung quotes Sven-Christian Kindler as an expert on "green issues" on budget issues.

A source: DW

Author: Sergei Romashenko

Tags: Germany, Economics, Credit, Greece