Monday, August 19, 2013

How Germany Made a Killing on the Euro-Crisis

Europe's fiscal crisis has hammered much of the E.U. from Ireland to Britain, Spain, Portugal, France and Greece.  Germany, however, has made out like a bandit.

The collapse of every nation around it made German debt much, much more attractive to investors looking for security.  So much more attractive that Germany saved 41-billion Euros in interest charges.  Sure, Germany put a lot of money into bailouts for countries like Greece but that totalled 599-million Euros to date.

0.6 billion they put out, 41-billion they saved.  That sounds pretty good, doesn't it? 

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