Les Echos

A response to the corona crisis in Europe based on solidarity

In a article co-authored by German Finance Minister Olaf Scholz and German Foreign Minister Heiko Maas the two ministers table a number of ideas on how the EU can get by through and after the coronavirus pandemic and grapple with its enormous social and economic repercussions in a spirit of solidarity that is needed to keep the Union together.

Germany made more than €1bn out of Greek crisis!

 

Between its loans to Athens and its debt buying programmes, Germany has cashed in to the tune of €1.34bn since the beginning of the Greek crisis.

Germany’s finance ministry has published details of the profits it has made on loans to Greece: €1.34bn since 2009, according to reports by German daily Süddeutsche Zeitung.

IMF's Blanchard says Greek budget proposals not enough

Greece's budget proposals are not enough to ensure a surplus this year, the International Monetary Fund's chief economist was quoted as saying on Monday.

Greece was supposed to have a 3 percent budget surplus in 2015, but that looks unrealistic now, Olivier Blanchard told the French financial newspaper Les Echos in an interview.