10-08-2015 02:48 via news.yahoo.com

Germany gained 100 bn euros from Greece crisis: study

Germany, which has taken a tough line on Greece, has profited from the country's crisis to the tune of 100 billion euros ($109 billion), according to a new study Monday. The sum represents money Germany saved through lower interest payments on funds the government borrowed amid investor "flights to safety", the study said. "These savings exceed the costs of the crisis -- even if Greece were to default on its entire debt," said the private, non-profit Leibniz Institute of
Read more »