Wednesday April 8, 2020

Risk firm issues warning over Greek euro exit

European stocks would plunge and the cost of insuring bank bonds would skyrocket if Greece leaves the eurozone, according to risk management firm SunGard.

19th February, 2012
2
Riot police stand guard during clashes with protesters outside the Greek parliament in Athens last week. Photo: Getty

European stocks would plunge by about 10 per cent and the cost of insuring bank bonds would skyrocket by 30 per cent if Greece leaves the eurozone, according to a scenario modelling exercise by leading risk management firm SunGard.

A Greek exit would increase volatility by up to 50 per cent globally across all asset classes as investors sought to limit losses, the firm found.

But the analysts also predicted the euro would strengthen by 10 per cent...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago