Credit and bond purchases that benefited Greece also brought in revenues to Germany, to the tune of €1.34 billion, according to a media report on Tuesday. The Süddeutsche Zeitung (SZ) reported on Tuesday that according to Finance Ministry reports shared with the Green Party, Germany made €1.34 billion from various financial schemes meant to aid Greece. Since 2015, according to the SZ, the German SMP profit share totalled €952 million. “The interest gains must at last be paid out to Greece,” said Green party EU expert Manuel Sarrazin to the newspaper. In June, EU officials agreed to a debt deal with Greece, amounting to €8.5 billion in cash, in the latest tranche of Greece's €86 billion bailout agreed in 2015.

Source: The Local July 12, 2017 12:56 UTC