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Germany Says Not Planning For Greek Euro Zone Exit - Yahoo Finance

A spokesman for the finance ministry echoed his remarks. Talk of a "Grexit" has spiraled in recent days, but Seibert has stressed that German policy remains the stabilization of the euro zone without the loss of any of its members. Der Spiegel magazine reported on Saturday that Berlin considered a Greek exit almost unavoidable if Syriza wins, but believed the euro zone would be able to cope. Syriza is ahead of other parties in Greek opinion polls. Bild said government experts were concerned about a possible bank collapse if customers storm Greek institutions to secure euro deposits if Athens leaves the single currency bloc. The European Union banking union would then have to intervene with a bailout worth billions, it said. The head of Germany's best site Ifo institute Hans-Werner Sinn told newspaper Handelsblatt it could cost German taxpayers up to 76 billion euros. "IRRESPONSIBLE" As the euro zone's paymaster, Germany is insisting that Greece sticks to austerity and not backtrack on its bailout commitments, especially as it does not want to open the door for other struggling members to relax their reform efforts. Die Zeit newspaper suggested that Berlin and Brussels were working on compromise situations with Syriza leader Alexis Tsipras which would allow Greece to stay in the bloc.

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