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if an ECB member NCB has a surplus of revenue over costs, does it still return the surplus to its national Eurozone government?
Deutsche Welle: Germany's Bundesbank Posts Huge Profits for 2008 (10.03.2009)The entire sum earned is being transferred to the federal government -- which is something of a novelty. In previous years, portions of the Bundesbank's earnings have had to be used to pay off debt from the former East Germany, but now that the debt is gone, the bank's profits will flow into state coffers.
The entire sum earned is being transferred to the federal government -- which is something of a novelty. In previous years, portions of the Bundesbank's earnings have had to be used to pay off debt from the former East Germany, but now that the debt is gone, the bank's profits will flow into state coffers.
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