profit Archives - Keep Talking Greece

Parliament approves bill on taxing electricity surplus profits

November 17, 2022 Economy Comments Off on Parliament approves bill on taxing electricity surplus profits

The Greek Parliament approved on Wednesday an amendment to tax surplus profits of electricity suppliers. According to the regulation, surpluses are defined as the difference between the “Reasonable Average Retail Price” to be determined by ministerial decision based on costs and a reasonable profit margin, and the actual price that …

Some market sectors improved profits with the ‘click-away’ system

January 10, 2021 Economy Comments Off on Some market sectors improved profits with the ‘click-away’ system

The “click away” system where consumers pick up their electronic or telephone orders at the shop has helped certain market sectors recover from losses of the year due to the coronavirus restrictions, leading trade chamber representative Vassilis Korkidis said on Friday. The service was in operation for short time over …

Greeks became richer whole €190 richer after joining the Euro

February 25, 2019 Economy Comments Off on Greeks became richer whole €190 richer after joining the Euro

Germany and the Netherlands have benefited enormously from the euro over the 20 years since its launch, while for almost every other member the single currency has been a serious drag on economic growth, a study has found. For Greece the gains are anything but profitable, as citizens became richer …

Austria complains of making just €100million profit from loan to Greece

August 22, 2018 Greece, Politics 1

Lending money to Greece was not profitable, finance experts in Austria complained on Wednesday. The aid loan in the name of European Solidarity and other nice pink bubbles earned Vienna 112 million euros. For this Vienna gave a loan of 1.6 billion euros to the debt-ridden country in the years …

Germany makes €2.9billion profit from Greece’s crisis since 2010

June 21, 2018 Economy 3

Germany has earned around 2.9 billion euros in profit from interest rate since the first bailout for Greece in 2010. This is the official response of the Federal Government to a request submitted by the Green party in Berlin. The profit was transmitted to the central Bundesbank and from there …

Greek Police investigates whether cancer patients received less medication by members of cancer drugs mafia

May 6, 2018 Very Mix Comments Off on Greek Police investigates whether cancer patients received less medication by members of cancer drugs mafia

For the cancer drugs mafia life did not matter: two nurses in a big public hospital in Athens would give to patients a smaller dose of medication than needed and they would forward the rest of the quantity to the other members of the criminal cancer drugs gang. “Imagine three …

Nice Profit: ECB made €7.8billion from Greece’s financial crisis

October 11, 2017 Economy 5

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 Greek MEP Nikos Chountis (Popular Untity) showed the bank collected €7.8 billion in interest payments between 2012-2016 on Greek …

Study: Germany made €100bn profit on Greek crisis

August 10, 2015 Economy 113

What? I don’t believe it! Rea-lly? Germany made a 100 billion euro profit on Greek crisis? No, kidding? HA! And yes, so it is! A study conducted by a German Economic Institute has shown that every time investors got bad news about Greece, they rushed to Germany’s ‘safe haven’ with …

IMF made a €2.5billion profit from loans to Greece

April 8, 2015 Economy 13

Nice profit. With an interest rate of 3.6% the International Monetary Fund has made a 2.5 billion euro profit from the loans to Greece since 2010. Of curse, nobody lends money without profit, right? How much more when the majority of the IMF bailout goes to save banks and is …

Contradictοry reports on German profits from loan interest to Greece

March 5, 2015 Economy 1

There seems to be some discrepancy between the current and older data released by the German Finance Ministry regarding the profits it makes from the bailout loans to Greece. While the German Finance Ministry claims nowadays that the profits from Greek interest were “€360 million from 2010-2014“, according to older …

Troika demands Greeks get prescribed chewing gums instead of medicine

September 4, 2013 Economy, Society 7

I was reading in the news today, that technical units of the EU Task Force, the extended hand of the Troika of Greece’s lenders, had a meeting with the political leadership of the Health Ministry. “Emphasis was given on the pharmaceutical expenditure with the country’s lenders to push for further …

Study: Germany make trillion-euro profits from the Euro

April 30, 2013 Economy Comments Off on Study: Germany make trillion-euro profits from the Euro

Germany profits considerably form the euro even in case of high write-offs due to debt cuts of South European crisis sates, like Greece, Portugal, Spain. This is the result of a model calculation conducted by Prognos AG for German Bertelsmann Foundation. “Adding up the growth benefits of Euro membership results …

Hedge Fund earns $500m after betting against Grexit

December 19, 2012 Economy Comments Off on Hedge Fund earns $500m after betting against Grexit

(Financial Times) — One of the world’s most prominent hedge funds is sitting on a $500m profit after making a bet that Greece would not be forced to leave the eurozone, bucking the trend in a difficult year for the industry. Third Point, headed by the billionaire US investor Dan …

Steinbrueck: “Germany has not paid a single cent to Greece”. Not to mention the Profits…

November 26, 2012 Economy 1

German chancellor candidate Peer Steinbrueck (SPD) warned in a newspaper interview released on Saturday that German taxpayers could get stuck with a large bill if Greece were to default on its loans. Steinbrueck told Bild am Sonntag newspaper that Germany has so far only provided loan guarantees for Greece but that …

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