Heil Merkel!.......

"We have laid the foundations to ensure that Greek debt, the most tortuous and destabilizing problem facing the country, has become manageable," Mr Samaras said in a television address, adding that Greece has "ensured its place in the euro." It came after eurozone finance ministers finally reached a deal over Greece's debt burden, enabling the release of its latest tranche of rescue funds. Markets breathed a sigh of relief as eurozone finance ministers finally reached a deal to keep Greece afloat through what was dubbed “bail-out number three”. After 12 hours of talks at their third meeting in three weeks, the euro group settled on measures to cut Greek debt by €40bn (£32bn) and keep the country in the eurozone, a deal which lifted European indices in early trading. The agreement enables the release of the latest €44bn tranche of bail-out funds for Greece and was heralded by Antonis Samaras, the country’s prime minister, as marking a “new day for all Greeks”. ... German news see Merkel and the Deutsche Bundesbank - the state bank- as the winners of the deal....Why? Whereas the ECB is handing over the billions profit it made on Greek bonds to help out, the Bundesbank is pocketing the profits that will fill the German Federal Governments pocket. The Bundesbank is the institution that blocked a further cut to Greek debt, as it stated earlier in the week. Germany in spite of all appearances is benefiting from prolonged Greek misery, and has no wish to see Greece come out of the red. Heil Merkel!