Loss given default of banks in Greece will exceed 34 billion euros

The losses of European banks in case of default of Greece could reach 34.4 billion euros, reported Lenta.ru, citing a study of rating agency Moody's. Recall that last week the Greek government announced that the country may not have 110 billion euros allocated by the EU and the IMF to deal with high levels of debt. Athens warned about the possible need for additional loan size of 60 billion euros. In this country's debt is estimated at 340 billion euros.