The cost of a Greek exit from the euro would be €500B-€1T, writes The Daily Telegraph in a...

|By:, SA News Editor

The cost of a Greek exit from the euro would be €500B-€1T, writes The Daily Telegraph in a review of how it might occur and its impact. The main issues include whether to denominate Greece's debts in its new currency, which would probably sharply devalue once floated. Another major concern is contagion to banks in the periphery.