Grexit could cost Italy 11 bn in interest - S&P - update

Agency says cost for whole zone would be 30 bn for 2015-16

(ANSA) - Milan, July 2 - Greece's exit from the eurozone could cost Italy an extra 11 billion euros to service its debt due to higher interest rates, ratings agency Standard & Poor's forecast on Thursday. The agency said Italy would be the eurozone country to face the "biggest" rise in interest costs in the case of a 'Grexit'. It forecast this could cost the eurozone as a whole an extra 30 billion euros in the 2015-2016 period.


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