18 June 2012 Last updated at 10:18 ET
What could happen next if Greece leaves the eurozone?
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- Greek debt default
- Greek meltdown
- Bank runs
- Business bankruptcies
- Sovereign debt crisis
- Market turmoil
- Political backlash
- Recession
- IntroductionThere is continuing speculation that Greece will have to leave the euro. Although pro-bailout parties won a narrow victory in the general election, many analysts feel that the result has merely delayed, not dispelled, the prospect of Greece's exit from the single currency.
The new Greek government will need to follow the programme of cuts agreed with other eurozone governments and the International Monetary Fund. Otherwise, it will receive no more bailout loans, it won't have the money to pay its debts, the Greek banks will probably go bust, and the European Central Bank may be forced to cut Greece loose from the euro. What would this mean for Greece and the rest of Europe?Click on the labels on the graphic to read more about some of the possible consequences.
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