Wall Street Shortens Odds on Greece Spinning Out of Euro
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Wall Street is shortening the odds on Greece spinning out of the euro area ahead of Sunday’s snap-referendum.
Mohamed El-Erian is at the high end. The former chief executive officer of Pacific Investment Management Co. sees the chance of Greece leaving the euro at 85 percent in the next few weeks. Morgan Stanley increased the probability of departure by the end of 2016 to 60 percent from 45 percent.