Moody’s warns that Grexit would have “serious consequences” for the Eurozone

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19 March 2015

Moody’s warns that Grexit would have “serious consequences” for the Eurozone

Moody's said on Wednesday that if Greece leave the Eurozone, it would have "serious consequences" for the Eurozone. A risk could be that Italy, Spain and Portugal might follow Greece, pushing up their interest on their bonds, the agency said.

Moody's pointed out that France made poor progress with economic reforms.

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