Does she really Greek debt reported 2 billion to France?

“Before we talk about what it would cost the non-repayment of debt, perhaps we should talk about what relates to the French tax authorities of Greek debt. Since 2010, we are talking about 2 billion euros in revenue between Treasuries and what is gained in the form of interest. ”

Olivier Besancenot February 13th on France 2

INTOX. While the editors of all stripes are struggling to know how a Greek debt cancellation would cost the French taxpayer Olivier Besancenot guest of the morning on France 2 February 13, prefers turn the argument by arguing that the latter, conversely, bails out the state coffers, “Before we talk about what it would cost the non-repayment of debt, it should perhaps mention that relates to the French tax authorities of Greek debt. Since 2010, we are talking about 2 billion euros in revenue between Treasuries and what is gained in the form of interest. ”
This is reviewing around 4’37 ”.

Rehab. Two billion euros, the sum is colossal. However, this figure exists in any official document or at the European authorities nor the minutes of the Finance Ministry. How the former head of the New Anti-Capitalist Party happened to such a figure?

Contacted by Désintox Olivier Besancenot explained his calculation: “There are 800 million of interest generated by the bilateral loans, according to the Ministry of Finance quoted in an article on the website of France Culture. The remaining 1.2 billion from Treasury bills has bought the European Central Bank (ECB), which allegedly earned 6 billion. It is projected that we could make to the Economic Committee of the NPA, it does not seem unreasonable to say that the Bank of France has recovered 1.2 billion euros, “said the former candidate president, criticizing the way the lack of transparency of the state and of Europe on these figures.

Before embarking on the substance of the matter, it is important to remember that the money lent by France to Greece are through three distinct channels:

– First, France has lent to Greece 11.39 billion euros between May 2010 and October 2012 in the form of bilateral loans.

– Then come to the loans from the European Financial Stability Facility (EFSF), which became in 2012 the European Stability Mechanism (ESM), where France is exposed to the tune of 31 billion euros as the guarantor, as the other states European contribution to the fund.

– Finally, the Bank of France is part of the ECB, for its part acquired for 25 billion euros of Greek government bonds.