The Halle Institute for Economic Research: the German government benefited from the debt crisis in Greece and several other Eurozone countries

Market news

11 August 2015

The Halle Institute for Economic Research: the German government benefited from the debt crisis in Greece and several other Eurozone countries

A study by the Halle Institute for Economic Research (IWH) showed that the German government has saved up to €100 billion in interest on its debt since 2010. The government benefited from the debt crisis in Greece and several other Eurozone countries as German debt is considering it to be a "safe haven investment".

The savings will offset the costs, even if Greece fails to repay all of the debt.

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