The EU's central banks earned about €14B in interest last from their holdings of the...

|By:, SA News Editor

The EU's central banks earned about €14B in interest last from their holdings of the sovereign debt of the peripheral states, with the ECB earning $1.1B on its €208B portfolio. The earnings aren't massive, but to the economies/budgets of places like Greece, Portugal, and Ireland it's not insignificant. "That is politically very tricky," says an observer.