The European Central Bank just revealed it made 61 billion euros of profits out of its intervention in crisis hit countries such as Greece, Italy, Spain, Ireland and Portugal.
The Eurogroup still threatens Greece to suspend long overdue reimbursement over illegitimate ECB profits.
On 18 Friday 2018, a group of campaigners including Positive Money Europe handed a petition to EU finance ministers demanding that Greece gets back the profits made off of its debt.
Through its peculiar “Securities Market Programme”, the European Central Bank generated billions of profits for creditor Member States such as France and Germany. Our research shows that nearly €8 billion have been lost for Greece.