Study finds Germany profited from Greek crisis by €100bn

Study finds Germany profited from Greek crisis by €100bn

A new economic study has found that Germany benefitted from the Greek crisis to the tune of €100bn.

Researchers say the country's cost of borrowing fell as investors rushed to put their money into German government bonds.

The bonds were seen as a safe bet, amid fears of a Grexit.

Meanwhile, Greece and its international creditors are finalising a deal to secure an €86bn bailout.

EU Commission spokesperson Annika Breidthardt has said that an agreement is close.

"The institutions are working hand-in-hand with the Greek authorities, progress has indeed been made, and we expect further progress to be made throughout the day and beyond as talks continue to resolve the remaining issues," said Ms Breidthardt.


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