Greek bailout

European Central Bank made almost €8bn from Greece’s financial crisis

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times. A written response to a request from a Greek MEP showed the bank collected €7.8 billion…

The ugly truth behind the Greek bailout

Out of the 220 billion euros disbursed to Greece as loans from the bailout mechanism, some 95% has been directed toward saving the European banks. Christine Lagarde, the Queen of Troika and the Head Honcho of the IMF, on May…