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Euro Zone Exit: What Would Happen Next?
The idea of a Greek or Spanish exit from the euro zone, once viewed as an extreme worst-case scenario given credence only by the most bearish, is increasingly becoming part of the mainstream. While most policymakers, analysts and economists still shudder at the thought of a Greek exit – or Grexit as it has been called – more and more are running through scenarios for this situation. Greece’s elections on June 17 are too close to call, and the election of an anti-bailout party could hasten its departure from the single currency. The immediate concern for the markets is how the euro would be affected in currency ... (full story)
