The possibility of Greece having to leave the Eurozone – a so-called “Grexit” – is rather unlikely, claims the credit rating agency Moody’s according to its latest report.
The credit rating agency also noted in its report that was published on Wednesday that the risk of contagion to other countries is lower than the risk in 2012.
Despite this though, Moody’s argues that the upcoming general elections that are scheduled for the 25th of January, may have “negative credit implications” for other members of the Eurozone.
The author of the report, Colin Ellis, stated that “Over the longer term, economic growth in Greece following an exit could exceed that in remaining euro area countries – which, in turn, could trigger discussions around further euro exits”.
