"Long live the crisis" for Germany
"Long live the crisis" for Germany
During 2010-2014 it will pay 41 billion euros less for repaying its debt
The misfortune of one is often the happiness of others. A phrase that fits like a glove for Angela Merkel and Wolfgang Schäuble’s Germany, which amid the crisis in Europe has come out with a profit of 41 billion euros.
This is the additional revenue for the German State for 2010 - 2014 due to the low rates by which Germany is borrowing and the high demand for German bonds.
These figures are calculated from the response of the German Finance Ministry to a parliamentary question by Social Democratic MP Joachim Poss.
So if there is one Eurozone country begging that the crisis not finish quickly, this is Germany. "Long live the crisis" for the country of the North then, a journalist of the French magazine «Le Point» says.
This is the additional revenue for the German State for 2010 - 2014 due to the low rates by which Germany is borrowing and the high demand for German bonds.
These figures are calculated from the response of the German Finance Ministry to a parliamentary question by Social Democratic MP Joachim Poss.
So if there is one Eurozone country begging that the crisis not finish quickly, this is Germany. "Long live the crisis" for the country of the North then, a journalist of the French magazine «Le Point» says.
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