Briefing

What would happen if Greece exited the eurozone?

Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.

By , Correspondent

What impact would a Greek exit have on world markets? The US?

The effect on markets will, again, depend on the degree to which a Greek exit affects other eurozone economies.

Many analysts believe that the creation of the ESM and the ECB’s recapitalization of private banks have provided a certain level of calm in international markets. Traders reacted rather measured to the news of a Greek election rerun. 

“Particularly the US economy is in a somewhat better condition than it was six months ago,” says Mr. Ruparel. “So for the US recovery a Greek eurozone exit will be more of a speed bump, not a dead end.”

4 of 4

Read Comments

View reader comments | Comment on this story
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...