Did the German government make money out of the Greek debt crisis?

[Tom Maliti]

Hujambo,

According to research done by one institute, Germany has made huge savings on its own interest payments and therefore benefited from the Greek debt crisis. German government bonds are seen as less risky in light of the crisis and so attract a lower interest rate but get more buyers because they are a safer bet.

Here are the details:

Germany gained 100 bn euros from Greece crisis: study

				Germany gained 100 bn euros from Greece crisis: study Germany has profited from the Greek crisis to the tune of 100 bn euros, a new study says
				View on uk.news.yahoo.com	Preview by Yahoo

This may turn out to be a story of not just how the banks made money out of the crisis but also how particular countries made money out of austerity ...

Have a debt-free day,
Tom

[Julius Okara]

Let us all remember that the Kenya public debt management system  is the most corrupt and opaque anywhere in the world.

When this eventually bursts , the KQ debt will be a tiny bubble in the universe.

It will be a tsunami. 

Julius Okara

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