The EU saved almost a trillion euros thanks to the policy of the Central Bank

25 July 2017, 01:12 | Economy
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This was reported by the Federal Bank of Germany in the report.

As noted, the greatest benefit from this economic policy, which allows paying low interest for servicing the public debt.

For example, from the state of Italy, it was possible to extract from 2008 to 2016 an amount equal to 10.5% of the gross domestic product for 2016.

Approximately the same percentage remained with the Netherlands, France, Austria and Belgium.

We add that slightly lower indicators in Germany. So, Germany for this period has kept 7.5% of GDP indicators for the year 2016.



At the same time, the experts of the Federal Bank stressed that the ECB policy can not always be oriented only to servicing the public debt.

Recall, as previously reported, "URA-Inform", the National currency of Ukraine - the hryvnia in June, at the official exchange rate, strengthened to the dollar by 1%.

According to the central bank, the positive balance of currency purchases in the interbank foreign exchange market amounted to about $ 300 million in June and $ 1.4 billion from the beginning of the year.




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