Greek Euro Exit to Cost Creditors $88 Billion, Handelsblatt Says
A Greek exit from the euro zone may cost private creditors 70 billion euros ($88 billion), Handelsblatt reported, citing an estimate by Ansgar Belke, a professor for macroeconomics at the University of Duisburg- Essen.
The move would lead to a default by Greece’s government, meaning European banks would have to write off the largest part of their investment, the newspaper cited Belke as saying.
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