The smell of rotted fish drifts through the air.….
How Merkel’s Germany PROFITS from Greek debt misery with £1BILLION pocketed so far
GERMANY has profited from Greece’s debt misery to the tune of £1.19billion (€1.34bn), shock figures have revealed.
As one of Athens’ biggest creditors, the eurozone’s largest economy has banked millions in interest on loans to the heavily indebted state over the last two years alone.
A loan from Kreditanstalt für Wiederaufbau (KfW), the state development bank, has raked in about £350million (€393m) from interest payments since 2010, according to the Süddeutsche Zeitung.
Politicians are now demanding the interest is paid back to Greece.
It comes after Athens recently received a further £7.5bn (€8.5bn) as its latest bailout continues.