Greece Default or Exit Euro = Global Depression from 1 Trillion Euro losses !

[GOD IS MY DOG]

Global financial institutions have a €422bn (£335.8bn) exposure to Greek debt, including state, household and corporate debt, according to the latest figures from the International Monetary Fund.

Yesterday the IESEG School of Management said the total losses could reach €66.4bn for France and €89.8bn for Germany. “Assuming that the new national currency would depreciate by 50pc against the euro, which is realistic, the losses for French banks would reach €19.8bn. They would reach €4.5bn for German banks,” it said.

The Institute of International Finance has estimated that the global cost of a Greek exit could hit €1trillion

 

[JiaSAInSI]

So can sell ero buy Usd?

 

[erection2015]

this is the worst case or Armageddon scenario...if exit is untidy. A more orderly exit would incur less losses.

 

[Cruxx]

So can sell ero buy Usd?

Buy gold lah.

 

[GOD IS MY DOG]

buy gold won't save anyone in worst case scenario....................

gold go up becoz USD go down.....................but if USD lose reserve currency status or huge crash in stocks and gold STILL go up...................then game over................

you can't eat gold...................and no one left to buy the gold you wanna sell in depression when all markets crash.............