According to the Bank for International Settlements, the biggest potential losers from a possible haircut on Greek debt would still be the German non-quoted banks. As of Q4-2010, German and French banks have respectively 9,2% and 20% of their total peripheral Europe exposure tied to Greece.
|Holders of Greek Government Bonds and debt, in billion EUR|
|Other European Banks||50|
|ECB (direct holdings, nominal value)||50|
|Central Bank of Greece||10|
|Greek Social securities/other government||30|
|Total Government Bonds||260|
|+ EU/IMF loans already disbursed||53|