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Banking

Grexit wrap – morning edition

A focus on the key news and analysis surrounding the potential Greek exit from the eurozone

European banks unprepared for Greek exit from euro

Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro.

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Greek exit worse mistake than adoption of euro 

Leaving the euro would benefit Greece in the long run, but as Moorad Choudhry points out, in the long run we’re all dead.

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Economists react: what happens if Greece leaves eurozone? 

Making allowances for some guesswork, here’s a rundown of the latest on some economists’ and analysts’ views on what could happen next.

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Grexit: getting ready for drachma printing

Commercial currency printer De La Rue has made plans to reprint the drachma.

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