Leading Greek paper, Kathimerini cites the private, non-profit Leibniz Institute of Economic Research for its paper. This is an important read. Check it out!
via Germany gained 100 bn euros from Greece crisis, study finds | Business | ekathimerini.com.
It seems that the Greek crisis has enabled Germany to borrow more cheaply and save Euros 100 billion. It’s eye-watering.
Add this to the fact that the Euro crisis has weakened the Euro but Germany’s exporters have benefited on a massive scale. The former president of the US’s Federal Reserve, argued that either the Euro’s fiscal rules should be loosened or an export constraint should be introduced as well.
Let me ask an open question:
Is Germany manipulating the rules to Germany’s advantage?