Ifo puts a price tag on Grexit for core nations

Marion Dakers
GERMANY and France will lose €82bn (£64bn) and €62bn respectively if Greece crashes out of the Eurozone, German research unit Ifo claims.

However, the cost of Greece defaulting on its debt but remaining in the currency union is even steeper, with expected losses of up to €89bn and €67bn for the core Eurozone nations. Ifo’s figures include losses on earlier bailouts and liabilities from bonds and the Greek central bank, but not write-offs by private creditors.