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Yanis Varoufakis estimates a Grexit could cost the world more than a trillion euros in losses

Greek Finance Minister Yanis Varoufakis…

“The investors, stockholders and citizens will constantly think that the Eurozone is not an indivisible unity.”

Via Sputnik News Agency…

The finance minister also estimated that the so-called Grexit would cause the international economy a trillion euros in losses despite the above political damage.

Varoufakis was firm in rejecting the possibility of the extension of the latest aid program to Greece and called for a new agreement between Athens and its international lenders.

Varoufakis offered to solve the Greek debt crisis via a 30-year loan with a relatively low interest margin from the European Stability Mechanism (ESM), the purchase of bonds at the disposal of the European Central Bank (ECB) and their immediate withdrawal.

References:

http://sputniknews.com/europe/20150614/1023359677.html

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