The head of the US investment bank Morgan Stanley does not expect a withdrawal of Greece from the euro zone. “I do not think that Greece leaves the euro. There will be a compromise, the risk is too great,” said James Gorman of the “Welt am Sonntag”. To restructure the country’s debt would make more sense. Should Greece leave the monetary union but, Gorman holds the economic consequences to be manageable, the risk of infection for the global economy is limited. “Finally, all players had enough time to prepare for this scenario.” But he added: “However, the political consequences are incalculable, since there are so far no experience..”
Greece is struggling with its euro partners and the International Monetary Fund for several months to more grants. On Monday, a summit of heads of state and government of the euro zone was set to resolve the dispute. Without an early agreement Greece threatens bankruptcy. This could lead to a withdrawal of the country from the euro zone, the so-called “Grexit”.
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