JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion

Related Articles .. link .. Greek Central Bank Issues Euro Exit Warning ... .. and .. April 2012 .. Goldman Sachs doubles profits (Hmm .. That's Because Goldman Sachs Rules The World. Right?) ... .. and .. March 2012 .. Moody's: Greece has defaulted .. and .. Lloyd Blankfein Seen Lunching In Boca With A Certain Former President .. and .. Feb. 2012 .. As I Said Was Guaranteed To Happen Two Years Ago: Greece = Kaboom! But Now Many Misunderstand The Consequences

May 14, 2012

JPMorgan Estimates Immediate Losses From Greek Exit Could Reach 400 Billion

While our earlier discussion of the implications of Greece's exit from the Euro are critical reading to comprehend the real-time game of chicken occurring in front of our eyes, JPMorgan's somewhat more quantifiable estimates of the costs and contagion, given the results of the Greek election have raised market expectations of an exit of Greece from the Euro, also provide key indicators and flows that should be monitored. Identifying what has gone wrong with Greece's co-called 'adjustment' program, they go on to identify key transmission mechanisms to Spain and Italy, how it could potentially improve (Marshall-Plan-esque) and most critically, given the exponentially growing TARGET2 balances, if and when Germany throws in the towel.

Read Full Report By Tyler Durden .. Here