Eurozone leaders will hold an emergency summit on Tuesday with Greece after it rejected measures requiring it to tighten its belt in exchange for more funds to help it repay US$267 billion in debt.
How will this affect the Singapore economy? Should we be worried?
No, says the Monetary Authority of Singapore.
"Singapore's domestic money and foreign exchange markets continue to function in an orderly fashion," MAS said in a statement."The direct exposure of our economy and banking system to Greece is negligible, accounting for just under 0.2% of total trade and 0.1% of total banking system assets," it continued.
Carry on, then.
Done reading? Sit back, relax and watch Coconuts TV:
Eurozone leaders will hold an emergency summit on Tuesday with Greece after it rejected measures requiring it to tighten its belt in exchange for more funds to help it repay US$267 billion in debt.
How will this affect the Singapore economy? Should we be worried?
No, says the Monetary Authority of Singapore.
"Singapore's domestic money and foreign exchange markets continue to function in an orderly fashion," MAS said in a statement."The direct exposure of our economy and banking system to Greece is negligible, accounting for just under 0.2% of total trade and 0.1% of total banking system assets," it continued.
Carry on, then.
Done reading? Sit back, relax and watch Coconuts TV: