A study conducted by the Halle Institute fro Economic Research (IWH) and released Monday revelead that the German government has saved up to 100 billion euros ($109 billion) in interest on its debt since 2010. (Deutsche Welle)
The IWH study says every time this year there was a spike in the Greek debt crisis, which made Greece’s exit from the euro appear more likely, German government bond yields fell. Whenever the news looked better, Germany’s bond yields increased. (BBC)
Germany, the biggest contributor to the 240-billion-euro bailouts to Greece since 2010, was reluctant to offer its southern European neighbor a third relief worth up to 86 billion euros, fearing of throwing more taxpayers’ money to a “bottomless pit.” (Xinhuanet China)
Check the full study here.