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...
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