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German banks would have paid Greece more

The Local · 24 Jul 2011, 12:13

Published: 24 Jul 2011 12:13 GMT+02:00

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According to Sunday's Welt am Sonntag newspaper, Deutsche Bank would have agreed to writing off 50 percent of the debt it was owed by Greece, which would have cost the bank €300 million.

In the end, the deal that was reached allowed a debt cut of 21 percent, which many commentators have said is well below what is necessary. According to the paper's unnamed sources, this will even allow Deutsche Bank to make a small profit.

The Munich-based insurance giant Allianz, along with Commerzbank, were reportedly also prepared to offer a 30 percent debt cut.

A spokesman for Deutsche Bank refused to comment on the report.

The French banks, which have considerably more invested in Greece than German banks, were apparently instrumental in driving the value of the debt aid during the summit.

Story continues below…

DAPD/The Local/bk

The Local (news@thelocal.de)

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Your comments about this article

13:04 July 26, 2011 by agarwaen
Hurray for profiting on Greece's corpse!
15:26 July 29, 2011 by tattooing18
where is the article of the "die welt" about the "Eurofound" research for the lazy germans !? the laziest in europe ?!!?

you keep crying and you try to hide it ?!? hehehehe !!!!!!!

you're really pathetic, maybe the most pathetic nation in europe and you know it very well.

that's why you attack all the others, to make us shut our mouths and hide your humiliation.

but .... is in your d.n.a. to humiliate your selfs. you and no one else.

in the past 100 years 3 times you stop paying everyone !!!

and you have "a face" to complain, every day for everyone else ................. what a waste case you're, you and your criminal fathers !!!!

you have made so many crimes, so is a miracle why you stop working !!!!! after all your crimes against humanity, the fair is to work till you dead....... in our gardens.

and, in the name of christ !!!! who's working in germany ?!?!?

your kids, the junkies with the time life money from the state ?!?!?!?

com on you liars ........

the money you search is in the pockets of the turkish drug dealers, where your youth put them to buy their day joints !!!!

you can foul some, but not everyone, and specially not for ever !!!!

don't worry my sick "friends", you all ready in your next disaster. the one you have build for one more time with your bad behavior !!!!

your next end is near.

the turks, the albanians and all your "friends" is inside your home now.

this is gonna bring your end closer, and is going to make it bigger.

you use to call them "partners" ..... let's see the end of the story this time .....

you ask for it and remember .... you're proud for your choices ....

don't start to cry again and say the same lie like you use to do every time your crimes is on .....

"we don't know it" bouhouhouuuuuuuuuuu !!!!!

no one is going to believe you this time.

15:42 July 29, 2011 by blacky
greece's corpse ....

greece is rising everytime from her ashes ..............

7 times in the last 100 years (only) ....

in all her history, the times are countless.

every time the crows are waiting and eat our fleshes ....

poison in their stomach.

we're going to be here again, and this time the jokes are over.

now we're really wroth.

you're not happy with your grubbing.

you're not happy with our silence .....

you want our humiliation, and you think you're able to handle it.

why ???

because you see papandreou and all your puppets and you think is going to be like this for ever .....

you're going to be surprised once again.
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