FRANKFURT, Oct 7 (Reuters)—Europe's insurers look strong enough to handle a Greek default should it occur, the chairman of EU insurance watchdog EIOPA told a German newspaper.
“Some insurers already wrote down their Greek exposure to market value when they published their first-half results,” Gabriel Bernardino told Boersen-Zeitung in an interview.
“I have no information that would indicate to me that a total default would not be digestible,” said Bernardino, who is head of the European Insurance and Occupational Pensions Authority (EIOPA).
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