New Greek elections may spark euro exit and contagion
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In this article
- Default
- Accident
- Immediate effects of exit and default
- France
- Germany and the United Kingdom
- Cyprus
- Coping with the costs
- Lack of ready funds
- Risk of credit downgrades
- Shrinking size
- Further stress
- Limited IMF assistance likely
- How contagion could spread
- Bank runs
- Unsustainably high borrowing costs
- Capital flight
- Longer term consequences
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_350.jpg "A replica of a one drachma coin outside Athens Town Hall. (REUTERS/Yorgos Karahalis)")