Euro zone periphery banks vulnerable to Grexit

22nd June, 2015

European banks are better positioned to weather a Greek euro exit because their financial strength has improved in the past three years, while funding markets are less likely to freeze, Moody’s Investors Service said.

But banks in periphery European countries such as Cyprus, Ireland, Italy, Portugal and Spain remain the most vulnerable to a funding shock due to weaker balance sheets.

The risk of restricted market liquidity has diminished because gradual economic growth...

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