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Weighing the costs for Europe if Greece exits the euro

The amount Athens owes its partners is equivalent to just a tiny fraction of the eurozone's economy, but some analysts are still worried that a 'Grexit' could ultimately cost Europe its single currencyA Greek exit from the eurozone would certainly come at a cost to Europe, but just how expensive would it be? The amount Athens owes its partners is equivalent to just a tiny fraction of the eurozone’s economy, but some analysts are still worried that a ‘Grexit’ could ultimately cost Europe its single currency. The market selloff was triggered by media reports indicating that if a new government in Athens reversed course, Germany was ready to let Greece leave the European club of common currency users. “A Greek default on its around 240 billion euros in rescue loans would send another shock wave to the (euro) area,” said Guy Verhofstadt, president of the liberal ALDE group in the European Parliament.

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