Risk firm downgrades gloom on Greek exit
European stocks would fall by about 5 per cent and the cost of insuring bank bonds would rocket by 30 per cent if Greece left the eurozone, it has been claimed.
European stocks would fall by about 5 per cent and the cost of insuring bank bonds would rocket by 30 per cent if Greece left the euro zone, according to a scenario modelling exercise by risk management firm SunGard.
The analysis also predicted that the euro would strengthen by 5 per cent without Greece, which would reverse some of the recent weakness in the single currency - to the detriment of Irish export firms with UK and...
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