Germany gains profit from its tough stance on Greek debt crisis

Germany gains profit from its tough stance on Greek debt crisis

Germany gained financial benefits from the Greek debt crisis. This is stated in the report of the Institute for Economic Research in Halle, Euronews reports. The document says that since 2010, the German authorities have saved about 100 billion euros, or more than 3% of GDP due to lower borrowing costs as investors found shelter for their savings in German bonds on the background of the euro area instability, pushing down interest rates. Experts point out that this amount exceeds the share of Germany in packages of aid to Greece - it is estimated at about 90 billion euros. 

 

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