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Greece exits the euro
Allowing or forcing Greece to leave the eurozone
ikGreek devaluation would be certain - as investors would attach a high risk to the country - and default would be likely
A run on Greek banks would follow, meaning a collapse of the Greek financial system. International creditors would incur huge losses, Greek businesses would go bust, and the Greek people would face high inflation
LiOther possible consequences are mass emigration, especially of skilled labour, towards other EU countries offering higher wages. There could also be new barriers to trade. Overall, UBS estimates leaving the euro would cost every Greek person up to 11,500 euros in the the first year
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