Hiver

Austrian FinMin Hans Jörg Schelling stated that the deal between Europe and Greece brings about good solutions and pushes away possibilities of a “Grexit”.

It was CNN's turn this week to wade into the furor circulating over Europe and whether the Greek side will finally reach a deal with its eurozone partners cum creditors.
According to the once trail-blazing Atlanta-based international news network, there was seven reasons why a so-called "Grexit would not be as cataclysmic as when it first "reared its head" in 2010 or 2012.

Greece?s bonds fell after talks between its newly elected government and euro-area finance ministers broke down without agreement on how to fund the nation when its bailout expires on February 28.

In a research note released today, Commerzbank, the global banking and financial services company based in Frankfurt, attempts to answer some of the critical questions with regard to the stalemate Greece and Eurozone have found themselves in, following yesterday's Eurogroup meeting.

Austrian Finance Minister Hans Joerg Schelling (photo) told German radio on Tuesday he did not at the moment expect Greece to leave the euro zone after talks between Athens and eurozone finance ministers ended without progress on Monday.

Asked if Greece could go bankrupt by the end of the month and leave the eurozone, Schelling said:

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By Jeremy Gaunt

'Grexit' would be sudden, sharp and probably conducted in the dark of night; if Greece were to quit the euro, it would also mark the beginning of a long, hard road - for some harder still than the one already travelled.

The new leftist government wants to keep the country in the currency union, as do its eurozone counterparts.

Alan Greenspan, the former chief of the US central bank from 1987 to 2006, predicted a Grexit for Greece. Speaking with the BBC, he said that he could not see who would be willing to put up more loans to bolster Greece's struggling economy.

Fitch Ratings said in a report on Friday that the eurozone would suffer a significant shock if Greece left, but it would be unlikely to trigger a systemic crisis like that in 2012, or another country?s rapid exit.

A Greek exit from the eurozone -- or Grexit -- would undermine the model of euro stability, a senior European Bank for Reconstruction and Development (EBRD) official said on Tuesday, but the EBRD does not expect it to happen.