EU banks' exposure to Greece below €5bn

Exposure to Greece's sovereign debt is "immaterial", says report

Greek flag

French and German banks are the most exposed to Greece potentially leaving the European Union, but overall the exposure of European banks to such a scenario is relatively small, with only about €5 billion of outstanding loans and "immaterial" government bond holdings, according to a research report by JP Morgan published on January 5.

The bank says the impact of the country exiting the EU would be very limited. This follows a scramble by banks to reduce their Greek government bond holdings in

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