Financial exposure to the risk of Greece defaulting on its €320bn debt affects eurozone member states and foreign banks. How will it all play out?Greece says it will run out of money at the end of the month if a deal with its creditors the European commission, the European Central Bank and the International Monetary Fund cannot be reached.The lack of an agreement before the IMF payment deadline of 30 June will not mean an automatic exit from the eurozone. If Greece were to default on the IMF and then also leave the currency union, pinning down the precise losses to creditors will not be a straightforward task. Related: Eurozone talks end without deal as Greek proposals rejected Barclays: Official exposure to Greece in EMU by country and type pic.twitter.com/5QKkrsWr77 Continue reading...
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