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What is Pros and Cons of Greece about?

- A Greek exit from the euro could cause significant financial havoc across Europe as bank runs have already started in Greece, with over €700 million withdrawn from Greek banks in recent days and up to €1.2 billion withdrawn on May 14th. - If bank runs spread to other vulnerable eurozone countries like Portugal or Spain, it could overwhelm the banking system as runs tend to start slowly and then flood quickly. - The costs of a Greek exit would be largest for European taxpayers, with countries like German

Author

Elena Butica

Language

EN