Bild reports this week that Germany’s central bank (Bundesbank) has earned 3.44 billion euros in profits from the performance of Greek state bonds that it holds.
“No one wanted Greek state bonds in 2010 and afterwards,” the German mass daily states, adding that the ECB, however, continued purchasing Greek debt in a bid to assist Athens.
Based on a pre-determined yield, which is divided proportionately by Euro-zone member-states’ central banks, Bundesbank’s profits from the specific bonds since 2010 reaches 3.4 billion euros.
The mass media outlet said the information arises from a response by the federal government to a tabled Bundestag question by the Greens party.
