14.09.16

Cost of bailouts to EU crisis countries left to Germany

Express, UK: Germany is being short changed by the financially unstable countries it helped bail out, according to German based Centre for European Policy.

Analyst at the Freiburg Centre for European Policy (cep) said heavily-indebted euro crisis countries benefited from low-interest loans while those that provided them lost out on higher repayments.

They said they had worked out Germany’s would have to be paid €92.9billion to be adequately compensated for its support of aid programmes. Greece, meanwhile, benefited from cheap loans totalling €340.3bn.

...read more