ECB profits on its Greek bonds

Tim Wallace
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THE EUROPEAN Central Bank (ECB) made €555m (£480m) in interest income from its Greek bonds, accounts showed yesterday, indicating the whole Eurosystem may have made several billion on the emergency purchases.

That is expected to be divided up among the Eurozone’s national central banks, added to their own earnings and given to Athens.

The ECB made another €553m in interest on other securities bought under the emergency programme, including those of Spain and Italy.