>“Contrary to all right-wing myths, Germany has benefited massively from the crisis in Greece, and it cannot be that the German government ramps up the German budget with billions of Greek interest-rate profits,” Sven-Christian Kindler, Green’s spokesman for budget policy, told EURACTIV in a written statement.
>The answer provided by the German ministry of finance shows that between 2010 and 2017 benefits generated by interest rate amounted to a total of €2.9 billion. These benefits were first transferred to the Bundesbank and then into the federal budget.
>Details show that benefits generated by the SMP scheme amount to a total of €3.4 billion. However, in 2013 and 2014, Berlin transferred, respectively, €527 million and 387 million to the European Stability Mechanism (ESM), meaning that the net benefit for Germany amounted to 2.5 billion euros.
>But interest revenues from the German government-owned development Bank KfW loans generated an additional 400 million euros, bringing the gains from the Greek debt crisis to 2.9 billion euros.
>In 2013, the 527 million euros were transferred to Greece. In 2014, the 387 million euros were placed on a holding account that might become operational should the austerity program check-up turns out to be positive.
>“The Kaputtsparkurs [destructive austerity] has been far too long and done too much damage,”
Don’t you people ever get tired of playing the victim all day long and don’t look around you and notice you’re living in your own trash? Or do you think Germans leave all those steel wires sticking out of your roofs?
Robert Brown
germans are playing the victims all day long you guys are just their dogs repeating trash
Ethan Roberts
europe will belong to us soon inchallah fuck wh*Toids
german media is pathetic germans unironically believe that they are the victims whenever germany fucks up something
Caleb Taylor
As if you even watch German media Just get the fuck out of this country already
Jace Edwards
not anymore obviously this is my country you racist
Tyler Gray
Fuck off, we gave you over 300 bn € so 1% interes is nothing. We also agreed to cut 14 bn € in debt.
Easton Parker
this is not true turk
Ian Wood
Too bad that more Greeks and Italiens own more/better homes than the average german. They can afford it thanks to Target2/EU money while the rich EU countries are working/generate said money.
The only reason why Italy/Greece are sick of the EU so suddenly is because they kept creating so much debt that EU countries started to ask "Yo, where is the money?" Too bad they made way too much debt that they can threaten/strongarm the EU
Camden Parker
What about the initial debt money that have been forgiven?
Jackson Perez
The houses weren't build by the state. You just made up some bullshit.
>reeeeee if you don't like me constantly insulting the country that enables me to have a good life you're a Nazi pathetic, and fuck off.
Henry Jones
they fuck you
i dont have a good life here germany is a joke
Luke Diaz
Where the fuck do you think all those banks/people get their money from? European banks aren't trusting each other anymore as they used to before the whole Greece bullshit happened
Nathan Hill
from their boss
Ethan Myers
t. narcostate
Henry Long
So, you do make profit. Which means you lied about the gibs and solidarity.
Ian Bennett
Oh yeah, also nice of you to go the "You just made it up" route even though it's well known those fuckers are in huge debts
Of course not everyone gets free money or some shit like that. Their corrupt systems and people enabled them to create so much debt
Alexander Bell
>Their How's Deutsche Bank kraut? Need another bailout?
What the fuck are you talking about? What's your point?
Nicholas Moore
i ment this post
Josiah Young
Where is the lie?
Ian Martin
you wrote that Greeks and italians could afford their nice homes because of eu money
its obviously trash based on nothing
Leo White
Again, what do you think the government does with the money? >inb4 it doesn't go to the people Economy
Oliver Jones
i dont know you dont know it either
the Greek houses weren't built by the state thats why every single Greek building is unique while protestant and slavic countries are full of copy pasted insect hives
Why do the Greek not leave the eurozone and go back to their own currency? They act like we can fix anything at this point. They have to fix it themselves. >b-but you profited from our bad decision to remain in the eurozone It's still your fault even if we profited from it
only 20-30% devaluation? that's actually great, we should leave, what is the euro good for anyway?
Connor Wright
>fix you can only make things worse
Jaxson Lewis
rough translation
Greece could devalue its currency and be more competitive. If Greece keeps the Euro and raises competitiveness by cutting wages by 20 to 30%, the country would be close to a civil war.
But it would be catastrophic. Greeks would rush to the banks to take off their money and savings to protect their wealth from a currency change. Institutions would be threatened by bankruptcy. The debts would become more costly since the Drachma would have a lower value.
It also seems to be useless since Greece didn't export a lot of things before it adopted the Euro. Cheap prices aren't enough. They have to produce the right products (big european cockroach countries have monopolies). Devaluations of Drachma would raise inflation and importing resources would be mor expensive for Greek companies.
Completely unknown what would happen in the financial markets if Greece would leave the euro zone. Investors would be panicking. Nobody would know about the future developments.
Charles Rogers
>If Greece keeps the Euro and raises competitiveness by cutting wages by 20 to 30%, the country would be close to a civil war. lmao when is that article from?
Hunter James
9.05.2011
Xavier Ward
Germans think they saved Greece by watching some short videos on youtube or TV. Greece is some kind of 3rd world bogeyman country in German media.
Stop being ungrateful. You had a huge crisis and we helped you out. It's only fair that you pay us back, with interest of course. You're a fellow EU country so it shouldn't be a problem. Or are you saying you still have money problems? We can help you again if you want
Dylan Allen
Greeks don't want help they want free money
Jason King
did they still use the IMMINENT CIVIL WAR IN GREECE meme?
Camden Fisher
>We can help you again if you want i wonder why you're so willing to help
Eli Anderson
The interest cancels out inflation you absolute retards. Germany isn't making any profit. In raw numbers yes. But in buying power no.
Daniel Taylor
not anymore but i remember that Greece was in the news every single day in the early 2010s they literally chimped out on Greece
Gabriel Young
>free money
Connor Parker
We're social, friendly people. We like to help others. That's also why we took in refugees.
