Germany Faces EU80b Greek Default Loss, Lawmaker Tells Leipziger
2015-06-28 10:02:54.799 GMT
By Rainer Buergin
(Bloomberg) -- German public coffers face loss of at least
EU80b from a Greek default, lawmaker Gunter Krichbaum, chairman
of European Affairs Committee in lower house of parliament,
tells Leipziger Volkszeitung newspaper.
* Amount includes exposure to bailout mechanisms, ECB measures
* Lower house of parliament may have to meet during summer
recess to vote on measures related to Greece
* German lawmakers may need to approve “humanitarian aid”
because a Greek default may ignite unrest
* NOTE: Running Out of Cash, Greece Counts on ECB to Avert
Black Monday
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To contact the reporter on this story:
Rainer Buergin in Berlin at +49-30-70010-6228 or
rbuergin1@bloomberg.net
To contact the editors responsible for this story:
Alan Crawford at +49-30-70010-6237 or
acrawford6@bloomberg.net
Amy Teibel, James Kraus
2015-06-28 10:02:54.799 GMT
By Rainer Buergin
(Bloomberg) -- German public coffers face loss of at least
EU80b from a Greek default, lawmaker Gunter Krichbaum, chairman
of European Affairs Committee in lower house of parliament,
tells Leipziger Volkszeitung newspaper.
* Amount includes exposure to bailout mechanisms, ECB measures
* Lower house of parliament may have to meet during summer
recess to vote on measures related to Greece
* German lawmakers may need to approve “humanitarian aid”
because a Greek default may ignite unrest
* NOTE: Running Out of Cash, Greece Counts on ECB to Avert
Black Monday
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Rainer Buergin in Berlin at +49-30-70010-6228 or
rbuergin1@bloomberg.net
To contact the editors responsible for this story:
Alan Crawford at +49-30-70010-6237 or
acrawford6@bloomberg.net
Amy Teibel, James Kraus