The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by the Institute of International Finance, the group’s managing director said.

The Washington-based IIF’s projection from earlier this year is “a bit dated now” and “probably on the low side,” Charles Dallara said in an interview in Rome today. “Those who think that Europe, and more broadly the global economy, are really prepared for a Greek exit should think again.”

For Greece, in its fifth year of recession, it may be more effective to offer extra money to help its battered economy recover.

The European Central Bank’s exposure to Greek liabilities is more than twice as big as the ECB’s capital, said Dallara, who represented banks in their negotiations with the Greek government on its debt restructuring. As a result, he predicted the bank would be unable to provide liquidity and stabilize the euro-area financial sector.

“The ECB will be insolvent” if Greece were to exit the euro, Dallara said. “Europe would have to first and foremost recapitalize its central bank.”
Greek EURO Exit Cost Over 1 Trillion Euros

And WHEN (not IF) Greece leaves the EU and moves to an alternate currency, exactly HOW are The Powers That Be (TPTB) going to recapitalize the ECB (European Central Bank)? Inquiring minds want to know.

What these clowns don't understand is that if Greece leaving the euro brings the ECB to it's knees, than literally anybody and everybody else will also have the same, if not far greater impact (Portugal, certainly Spain and/or Italy).

They basically just admitted it's "Game Over".