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Weighing the costs for Europe if Greece exits the euro

Published Sun, Jan 11, 2015 · 09:50 PM

Paris

A GREEK exit from the eurozone would certainly come at a cost to Europe, but just how expensive would it be?

The amount Athens owes its partners is equivalent to just a tiny fraction of the eurozone's economy, but some analysts are still worried that a 'Grexit' could ultimately cost Europe its single currency. Global markets plunged at the beginning of last week, seized by a fresh bout of fears that Greece may be forced to leave the euro.

A snap election in Greece on Jan 25 could bring to power the far-left Syriza party, which wants to abandon the austerity policy imposed by the EU and IMF as part of the country'…

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