20.02.15

'Grexit' poses unforeseeable risks to all member states

Dr. Matthias Kullas, division head for Stability Policy, talks to German broadcaster Bayerischer Rundfunk about the risks of a Greek exit from the eurozone

Nobody can say with certainty what the consequences of an exit of Greece from the Eurozone would be, cep economic expert Matthias Kullas warned in an interview with German radio station Bayerischer Rundfunk aired Friday. “There exists no precedent,” Kullas remarked. In the case of a “Grexit”, Greece surely would have problems financing imports of, for example, pharmaceutical and agricultural products. The Eurozone, however, would lose its infinite character. The currency union would become “a loose construction with entries and exits,” Kullas explained.