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EFSF-Chief admits Germany makes profit from bailout to Greece

The masks have fallen and megalomania knows no shame. Klaus Regling, Chief of  multi-billion heavy “European Financial Stability Facility” (EFSF) admits that Germany makes profit out of the bailout to Greece.

In an interview to German newspaper  BILD-Zeitung German Klaus Regling says it out loud that bailout to Greece does not affect the German taxpayer as Germany makes profit € 600 million per year! 

BILD: The more countries take advantage of the rescue, the greater the cost to the other states. Is Germany  the paymaster of the euro crisis ?

REGLING: Paymaster is wrong. It’s all about guarantees, not really flowing money. No one takes away something the German taxpayer. On the contrary. With its contribution to the rescue fund Germany will most probably make win. Alone from Greece that would be up to € 600 million per year because the Greeks have to pay a kind of  interest rate to the bailout loans.

Unfortunately Regling does not reveal what will be the German profit out of the Irish bailout. Nor  what will be the total profit in  millions and billions for Germany after  Chancellor Angela Merkels’ efforts to keep pushing the Euro into split and  the PIIGS  into default

No wonder, Klaus Regling claims there is No Danger for the Euro! Germany will keep feeding the PIIGS!

Original Interview Text copy pasted from  BILD-Newspaper   in German:
 
BILD: Je mehr Länder den Rettungsschirm nutzen, umso größer die Kosten für die anderen Staaten. Wird Deutschland zum Zahlmeister der Euro-Krise?REGLING: Zahlmeister ist falsch. Es geht um Bürgschaften, nicht um wirklich abfließende Gelder. Niemand nimmt dem deutschen Steuerzahler etwas weg. Im Gegenteil. Deutschland wird mit seinem Beitrag zum Rettungsschirm höchst wahrscheinlich Gewinn machen. Allein bei Griechenland wären das bis zu 600 Mio. Euro pro Jahr, weil die Griechen eine Art Zinsgebühr für die Hilfskredite zahlen müssen.

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