Eurozone May Survive Grexit, But Italy, Spain Exposed to Increased Risk

The periphery scenario keeps coming back. On another note, this isn’t the first time warning trumpets have been sounded over Spain or Italy. You can find more information on them HERE and HERE. And while we’re at it, lets not forget about our friends in France, either.

Lastly, never forget the bigger picture: It was known the Euro would fail in the greatest heist of all time.

 

WASHINGTON (Sputnik) — The European Union and the international financial system can survive a Greek exit from the Eurozone, or Grexit, but a greater danger is that it could set off a domino’s effect forcing Spain and Italy to pull out as well, experts told Sputnik.

“As long as it’s just Greece, then I think the consequences for the United States will be very limited, and that’s because the US market already have factored in, that they’ve priced in a high probability of Greek exit,” Institute for Economic Affairs Deputy Editorial Director Richard Wellings in London said on Thursday.

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