Germany "profited EUR 100 billion from Greek crisis"

And we thought the Germans did that to help Greece out of amess .Unless German's are making money their is no help for free

Germany profited the most from the Euro. The German reunifaction tax funded Euro meant that Germany's coffer got filled with cheap Euro. They loaned this out to whomever wanted to borrow and this came back with interest. The tempered social demands from German unions worked as an export subsidy. When it all went bad, German (and French and Dutch) banks got a bailout, not Greece. Greece needs to pay back these bailouts. Bailing out banks because they made bad investments is bad capitalism.
Then they pushed austerity down everybody's throat which basically slowed other countries' recoveries and put many companies out of business (=killing the competition). And now it seems they made billions out of the Greek crisis. Still they claim they don't want to dominate Europe and want an European Germany, not a German Europe. The mask comes off.

Germany invented and stage-managed the greek crisis for her own benefit.

Germany didn't profit from the Greek crisis, but from the politics of the European Central Bank to lower the interest rates. Nothing, more, nothing less. And the lowering of the interest rates was a process which started long before the Greek crisis, with the Ireland/Portugal crisis. And only the German state benefited, the millions of German savers lost a lot of money due to lower interest rates.

(Just for information, 11 August 2015 13:37)
ECB interest rates have little to do with this. The interest on government bonds is determined by how 'popular' the bond is with investors. The more people that write in on the bond, the lower the interest rate will be and/or the more bonds you can issue.

"ECB interest rates have little to do with this."
(Joe A, 11 August 2015 14:44)
Eh? You claim the ECB interest are not connected with the interest rates payed for state bonds? Interesting idea! Maybe you should compare the graphs for the ECB target rates and the interest rates for German bonds over the last 10 years, and you will be surprised.


P.S: Of course nearly bankrupt states or states creditors don't trust in have to pay higher interest rates for their bonds than economically powerful reliable creditor states.

(Just for information, 11 August 2015 20:28)
I should have chosen my words more carefully. It is natural that German bonds follow low ECB interest rates (due to Germany being considered a more reliable debtor than other countries). There was even a chance that interest rates would be negative, meaning that creditors were willing to pay for having German bonds. Again, this is because creditors consider Germany a reliable lender. Others are not considered that because of less favorable economic development. Schauble btw. complained to Draghi about the low ECB rates in combination with QE (of course the ECB sets the rates low if it buys up government bonds). Schauble said that QE in combination with low rates prevents countries from reforming. Of course, we cannot have that, that countries austere more preventing them to grow (it has been proven that austerity kills economic growth cause people have less money to spend). Cause when other countries grow economically their bond might also get popular to buy at the expense of German bonds. So win-win for Germany: austerity kills the competition while it drives creditors to German bonds at the expense of other countries' bonds. That is the game that is being played.

And we thought the Germans did that to help Greece out of amess .Unless German's are making money their is no help for free

Germany profited the most from the Euro. The German reunifaction tax funded Euro meant that Germany's coffer got filled with cheap Euro. They loaned this out to whomever wanted to borrow and this came back with interest. The tempered social demands from German unions worked as an export subsidy. When it all went bad, German (and French and Dutch) banks got a bailout, not Greece. Greece needs to pay back these bailouts. Bailing out banks because they made bad investments is bad capitalism.
Then they pushed austerity down everybody's throat which basically slowed other countries' recoveries and put many companies out of business (=killing the competition). And now it seems they made billions out of the Greek crisis. Still they claim they don't want to dominate Europe and want an European Germany, not a German Europe. The mask comes off.

Germany didn't profit from the Greek crisis, but from the politics of the European Central Bank to lower the interest rates. Nothing, more, nothing less. And the lowering of the interest rates was a process which started long before the Greek crisis, with the Ireland/Portugal crisis. And only the German state benefited, the millions of German savers lost a lot of money due to lower interest rates.

(Just for information, 11 August 2015 13:37)
ECB interest rates have little to do with this. The interest on government bonds is determined by how 'popular' the bond is with investors. The more people that write in on the bond, the lower the interest rate will be and/or the more bonds you can issue.

Germany invented and stage-managed the greek crisis for her own benefit.

"ECB interest rates have little to do with this."
(Joe A, 11 August 2015 14:44)
Eh? You claim the ECB interest are not connected with the interest rates payed for state bonds? Interesting idea! Maybe you should compare the graphs for the ECB target rates and the interest rates for German bonds over the last 10 years, and you will be surprised.


P.S: Of course nearly bankrupt states or states creditors don't trust in have to pay higher interest rates for their bonds than economically powerful reliable creditor states.

(Just for information, 11 August 2015 20:28)
I should have chosen my words more carefully. It is natural that German bonds follow low ECB interest rates (due to Germany being considered a more reliable debtor than other countries). There was even a chance that interest rates would be negative, meaning that creditors were willing to pay for having German bonds. Again, this is because creditors consider Germany a reliable lender. Others are not considered that because of less favorable economic development. Schauble btw. complained to Draghi about the low ECB rates in combination with QE (of course the ECB sets the rates low if it buys up government bonds). Schauble said that QE in combination with low rates prevents countries from reforming. Of course, we cannot have that, that countries austere more preventing them to grow (it has been proven that austerity kills economic growth cause people have less money to spend). Cause when other countries grow economically their bond might also get popular to buy at the expense of German bonds. So win-win for Germany: austerity kills the competition while it drives creditors to German bonds at the expense of other countries' bonds. That is the game that is being played.