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14 Jan 2015
The likelihood of a Greek exit is still lower – Moody’s
FXStreet (Mumbai) - The probabilities of Greece likely to exit the 19-nation bloc is low, ratings agency Moody's said in a note today, although the risks of such a step have risen.
The comments from Moody’s came just eleven days ahead of the crucial snap elections in Greece scheduled on Jan 25.
Key Quotes:
"The likelihood of a Greek exit is still lower than during the peak of the crisis in 2012 and remains relatively unlikely,"
"While Syriza is committed to the monetary union, it has also signalled that it could seek debt forgiveness from its euro area peers. Other euro area governments are likely to reject such a request, partly because it could lead to similar demands from other highly indebted euro area countries."
The comments from Moody’s came just eleven days ahead of the crucial snap elections in Greece scheduled on Jan 25.
Key Quotes:
"The likelihood of a Greek exit is still lower than during the peak of the crisis in 2012 and remains relatively unlikely,"
"While Syriza is committed to the monetary union, it has also signalled that it could seek debt forgiveness from its euro area peers. Other euro area governments are likely to reject such a request, partly because it could lead to similar demands from other highly indebted euro area countries."