Author: Mike Paterson

German newspaper Handelsblatt with an article based on info from un-named sources 

  • Weidmann has warned Merkel that a Grexit would hit Bundesbank profits, which in turn flow into the budget
  • Handelsblatt sources also say Grexit would create losses in excess of the €14.4bln already set aside in provisions for the crisis because it would make losses on Greek securities purchased by the BUBA

No comment as yet from the BUBA or German govt but there's little doubt that Germany also finds itself between a rock and a very hard place

I have to head out now but will be back later to cover the exit poll results

Enjoy the rest of your week--end one and all

                 " Hey Angela, look at that risk building up on a No vote"


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