Debt: "Nobody wants to win the Greek crisis," says Olaf Scholz



The interest earned on Greek bonds acquired since 2010 to relieve the debt of the country mainly by Germany will be returned to Greece, said the German finance minister, Olaf Scholz, and stressed that "nobody wants the Greek crisis. to win" ".

Asked, in an interview with the Greek newspaper Ta Nea, whether Berlin is "one of the beneficiaries" of the debt crisis, since the Bundesbank has maintained 2.9 billion euro interest on the Greek bonds since 2010, the minister replied that "he misunderstanding about this subject. "

The amount of the Bundesbank's profits, major buyer of these securities in addition to other central banks, under the Greek debt repurchase program, the "SMP", carried out between 2010 and 2011, during the outbreak of the Greek crisis , was confirmed by a German parliamentary report that AFP had obtained in June.

"No one wants to win the Greek crisis, in fact it is the intention that all the profits of the central banks (Europeans who participated in the SMP) are regularly returned to the Greek state," said Olaf Scholz in this interview that was published on Saturday.

"We decided on this at the Eurogroup (meeting of euro area finance ministers, NDRL), at the end of the third Greek program," he added.

On 20 August many European leaders welcomed the end of the third and final Greek program and the exit of the country of strict supervision of its creditors, the EU and the IMF.

However, they warned that the country was still forced to make budget surpluses and "reforms" necessary to repay its huge debt.

The Eurogroup has been debating for months about the resumption of the transfer of interest on debts in Athens, but is only going back to the beginning of 2017.

LNT with AFP

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Debt: "Nobody wants to win the Greek crisis," says Olaf Scholz



The interest earned on Greek bonds acquired since 2010 to relieve the debt of the country mainly by Germany will be returned to Greece, said the German finance minister, Olaf Scholz, and stressed that "nobody wants the Greek crisis. to win" ".

Asked, in an interview with the Greek newspaper Ta Nea, whether Berlin is "one of the beneficiaries" of the debt crisis, since the Bundesbank has maintained 2.9 billion euro interest on the Greek bonds since 2010, the minister replied that "he misunderstanding about this subject. "

The amount of the Bundesbank's profits, major buyer of these securities in addition to other central banks, under the Greek debt repurchase program, the "SMP", carried out between 2010 and 2011, during the outbreak of the Greek crisis , was confirmed by a German parliamentary report that AFP had obtained in June.

"No one wants to win the Greek crisis, in fact it is the intention that all the profits of the central banks (Europeans who participated in the SMP) are regularly returned to the Greek state," said Olaf Scholz in this interview that was published on Saturday.

"We decided on this at the Eurogroup (meeting of euro area finance ministers, NDRL), at the end of the third Greek program," he added.

On 20 August many European leaders welcomed the end of the third and final Greek program and the exit of the country of strict supervision of its creditors, the EU and the IMF.

However, they warned that the country was still forced to make budget surpluses and "reforms" necessary to repay its huge debt.

The Eurogroup has been debating for months about the resumption of the transfer of interest on debts in Athens, but is only going back to the beginning of 2017.

LNT with AFP

CONTINUE


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