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Grexit Could Be 'Lehman Moment' for Europe: Moody's
Alastair Wilson, managing director of sovereign risk at Moody's Investors Service,thinks that the immediate impact of Greece leaving the single currency bloc would be relatively slight, as Greece is a very small part of the euro zone economy and trade with Greece represents a very small portion of overall euro zone trade, but potential implications could be significant. It would be mainly up to the European Central Bank (ECB) to find proper tools to counter the impact of so-called Grexit. "Most likely, the tools that the authorities, and particularly the ECB have, would be significant enough to contain the ... (full story)
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