- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Germany Could Lose €80 Billion if Greece Goes Bankrupt

© AFP 2023 / DANIEL ROLANDThe EURO logo is pictured in front of the European Central Bank, ECB in Frankfurt/Main, central Germany, on November 6, 2014
The EURO logo is pictured in front of the European Central Bank, ECB in Frankfurt/Main, central Germany, on November 6, 2014 - Sputnik International
Subscribe
Head of Bundestag Committee on European Union Affairs predicts that Germany could lose billions of euros if Greece goes bankrupt.

Greek Prime Minister Alexis Tsipras, left, speaks with European Commission President Jean-Claude Juncker as he arrives for a meeting prior to an EU summit at EU headquarters in Brussels - Sputnik International
Athens Needs to Tell Greeks What at Stake in Case of Grexit - EC President
Athens may not be able to return €80 billion of economic aid that it received from Germany in case of bankruptcy, Deutsche Welle wrote.

This was stated by the head of the Bundestag Committee on European Union Affairs, Gunther Krichbaum, during an interview with Leipziger Volkszeitung, due to be published on June 29.

Earlier it was reported that the Greek Prime Minister, Alexis Tsipras, announced an emergency meeting regarding the country’s debt issue.

Athens announced a July 5 referendum for voters to decide whether to accept the new bailout deal offered by the creditors. If the sides fail to reach an agreement, Greece may default on its debt and be forced to exit the Eurozone.

Greece has been holding talks with its international creditors on the settlement of the country's multi-billion dollar debt, as the current bailout program expires on Tuesday. The latest round of talks ended Saturday with no agreement.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала