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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.

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.”

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