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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Tuesday, July 7, 2015

Greece's lenders: who has most to lose?

Exposure to Greek loans is weighing heavily on minds in the eurozone, in Spain, Slovenia and Malta perhaps more than GermanyAs eurozone leaders meet in another effort to broker a deal between Greece and its creditors, those who have lent to the near-bankrupt country are asking if they will ever get their money back.Greece owes €323bn (£228bn) to a combination of official and private creditors, equivalent to more than 175% of its GDP. Much of that debt mountain was built up by Greece receiving bailout packages, funded in part by its eurozone neighbours. Related: Eurozone tells Greece not to expect debt relief any time soon #UK has limited exposure to #Greece around €1.3bn via IMF & €9.85bn indirectly via banking sector http://t.co/gkBZYPFIae“Will the IMF’s shareholders suffer losses if Greece does not repay?No, the IMF’s shareholders will not suffer losses. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com