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GreekReporter.comGreek NewsEconomyCitigroup Says Greece's Exit from Eurozone Could Be Next Crash

Citigroup Says Greece's Exit from Eurozone Could Be Next Crash

The analysts of Citigroup are not certain about the sovereign default of Greece or its exit from the Eurozone, according to a relevant report.
Nevertheless, it is underlined that there are some substantial dangers and apprehensions that should be taken into account by the analysts of Citigroup.
The analysts of Citigroup ephasize that a -not in order- dissolution would take place, in case that Greek politicians ignore the austerity measures and the reforms necessary to be done. As a consequence troika will not support Greece anymore and the ECB will not purchase Greek bonds or offer liquidity to the Greek bank system.
Citigroup highlights, in theory, that a potential exit from the Eurozone can hapen every single minute, if the disbursement of 8 billion Euros in September or October will not take place.
In a possible dissolution scenario, Citi stated, that mass withdrawals and non repayment of the loans could lead to a sovereign default.
Finally, if Greece exits from the Eurozone willingly, that could be the main factor of a systemic financial disaster and it is of no importance if Greece remains in EU or exits from it, Citigroup underlined.

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