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Citigroup sees 50-50 chance of 'Grexit'

07.02.12 @ 10:09

  1. By EUOBSERVER

Citigroup has said the probability of Greek euro-exit in the next 18 months is 50%, compared to 25-30% in November. The "Grexit" would lead to "a sequence of sudden stops in the external financing" of southern euro-countries, with further exits "reducing the euro-area to a greater DM zone," it noted.

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