Bloomberg (July 24)
2012/ 07/ 28 by jd in Global News
Extending Greek repayment terms to make the program achievable might cost 16 – 20 billion euros ($19 – $24 billion). “Whatever German Vice Chancellor Roesler may think, the risk of contagion from a Greek exit remains high, and the damage to Europe’s political project would be lasting. Compared with those costs, 20 billion euros is a bargain.”
Extending Greek repayment terms to make the program achievable might cost 16 – 20 billion euros ($19 – $24 billion). “Whatever German Vice Chancellor Roesler may think, the risk of contagion from a Greek exit remains high, and the damage to Europe’s political project would be lasting. Compared with those costs, 20 billion euros is a bargain.”
