Bundesbank chief warns of Grexit damage to German budget - Handelsblatt


  • World
  • Sunday, 05 Jul 2015

Greek Finance Minister Yanis Varoufakis is surrounded by media as he leaves a polling station during a referendum in Athens, Greece July 5, 2015. REUTERS/Dimitris Michalakis

BERLIN (Reuters) - Bundesbank chief Jens Weidmann has warned Angela Merkel's cabinet that a Greek exit from the euro zone would rip billions of euros out of the German budget, German business daily Handelsblatt reported on Sunday, citing government sources.

The paper said that Weidmann had warned that the costs of a Grexit would hit Bundesbank profits, which flow into the budget.

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