Economics
Greece Could Default Without Exiting Euro, Say Economists
Euro-Area Ministers Hurl Abuse at Varoufakis
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A Greek default doesn’t mean the country has to leave the euro area, economists say.
The chances of Greece missing some of its debt payments in the coming weeks are 40 percent, while the probability of an exit from the 19-nation currency bloc stands at 30 percent, according to median estimates in a Bloomberg survey of 29 economists. Almost four in five respondents said a default won’t trigger an exit.