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Thursday, May 03, 2012

It's All Greek

Those of you who expect that the Greek elections this Sunday will resolve the uncertainty over Greece keeping to the bailout conditions and remaining in the Euro will be severely disappointed.

It is widely expected that the results will bring chaos, and that more elections will be necessary later this year.

Whatever the results of the elections, Fitch are of the view that out of the alternative scenarios a Greek exit is the most likely.

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