THE European Central Bank (ECB) has made an eye-popping profit of £7.2billion from the Greek debt crisis, it has been revealed.
The extraordinary figure will enrage cash-strapped Greeks who have lived under crushing austerity measures for seven years.
And analysts claim the ECB’s involvement in Greece’s bailout has created a shocking conflict of interest.
Leo Hoffman-Axthelm at Transparency International said: “The ECB expects repayments on its Greek bonds with one hand while approving Greece’s reform progress with the other.
“The Bank is literally sitting at all sides of the table.”
