Report says strong euro dented Bundesbank profits

The Bundesbank saw its annual profit fall to less than one billion euros (1.2 billion dollars) last year as a result of the strong euro and that could pose a problem for the German government's finances, according to a report in a German business daily.

The Bundesbank transfers most of its annual profits to the government and Berlin had been expecting around 3.5 billion euros for last year.

So with less than one billion in profits from the Bundesbank, the government will have a cash shortfall

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