World Week Ahead: Grexit looms large

Sun, 28 Jun 2015

By Margreet Dietz June 29 (BusinessDesk) - A surprise call by Greek Prime Minister Alexis Tsipras for a referendum on the latest bailout offer from the nation’s creditors has sharply increased the risk of default and exit from the euro as well as a surge in market volatility. “The probability of Greece leaving the euro, sadly, has only increased with this decision,” Nicholas Economides, professor at the Stern School of Business at New York University, told Bloomberg. That’s because euro-zone finance ministers immediately rejected Greec...

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