How the EU bank has made £7.2BILLION profit from Greece’s financial crisis

THE European Central Bank (ECB) has made an eye-popping profit of £7.2billion from the Greek debt crisis, it has been revealed.

By Simon Osborne

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.”