(MENAFN- Kuwait News Agency (KUNA)) Greece's possible exit from eurozone will cost euro area 276 billion euros, of them Germany's share is 77 billion, a German weekly business news magazine reported Saturday.
Wirtschaftswoche said possible exit of Greece would mean the country would go bankrupt thus unable to pay its debts.
The magazine said its calculations were based on value of loans offered by eurozone member countries, foremost Germany, and eurozone's bail-out fund, European Financial Stability Facility (EFSF), for Greece.
Greece also received aid from the International Monetary Fund and European Central Bank.
The EFSF, two days ago, announced the release of 5.2 billion euros from the first instalment of 39.4 billion euros by the end of June.
Wirtschaftswoche's experts believe that Greece's exit from the eurozone would result in its bankruptcy.
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