BRUEGEL: Why a Grexit is more costly for Germany than a default inside the euro area

BRUEGEL: Why a Grexit is more costly for Germany than a default inside the euro area

Posted by olympiada στο Μαρτίου 9, 2015

- Contrary to the IFO institute, we conclude that German losses on both official and private claims would be much higher if Greece exits the euro

by Zsolt Darvas and Pia Hüttl on 16th January 2015

A few days ago the influential IFO Institute published a short paper suggesting that a Greek default inside the euro-area would cost Germany €77.1 billion, while a default combined with an exit from the euro would cost €75.8 billion. The two numbers are about the same, yet unsurprisingly, media reports emphasised that a Διαβάστε τη συνέχεια του άρθρου »