Moody’s: Euro area exit risk is very low – Greece aside – but could rise this year

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The likelihood of a country other than Greece leaving the European Union’s single currency area remains very low, but has the potential to increase materially this year given the rise of anti-EU political parties in the region, Moody’s Investors Service said in a report today. Continue reading “Moody’s: Euro area exit risk is very low – Greece aside – but could rise this year”

Shifting landscape in the EU after Brexit vote

Leonidas Stergiou / ekathimerini.com

Who will follow the British in their decision to leave the European Union? And are there likely to be any departures from the eurozone? For Nobel Prize-winning economist Joseph Stiglitz, Italy is the next EU member-state that will be leaving the bloc, while he recommends that Greece and Portugal follow suit. Continue reading “Shifting landscape in the EU after Brexit vote”