Life and Debt: A Greek Tragedy (merged)

[Oberon]

Originally Posted by Schroeder

and cut our losses.

$16bn worth of losses.

http://www.handelsblatt.com/politik/.../12012008.html

The newspaper says he has warned Angela Merkel's cabinet that a Grexit would hit the Bundesbank's profits and have a knock-on effect on Germany's budget. The bank's losses could top €14.4bn (£10.3bn, $16bn) in the event of a Grexit, he says.