Largest Greek Bank Warns of Dire Euro Exit

What's going to happen in Greece if the country pulls out of the European Union on June 16th as expected? Not good things, that's for sure.

If Greece left the euro, living standards would plummet, incomes would be slashed by more than half, and inflation and unemployment would skyrocket, the National Bank of Greece warned on Tuesday.

In a report released ahead of an election on June 17 that may determine whether the country stays in the single currency, the country's biggest bank said the risk of Athens exiting the euro was no longer just a theoretical possibility, warning that the fallout from such a move would be dramatic.

Biggest Greek bank warns of dire euro exit fallout | Reuters