How exposed are the world's banks to the Greek Debt
A big part of the Debt, approximately 92 billion euros, is owned by european banks, resulting in a danger of chain reaction inside the EU, in case of a Greek â€śaccidentâ€ť. Many of the French and German Banks are being exposed to the Debt, while the Greek banks top the list, as their exposure totals approximately 55 billion euros. This exposure, along with the lack of cash funds, are the basic reasons for the continuous downgrades of the european banks, from the International Rating Companies.
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