Greek Euro Exit Risks Uncontrollable Contagion, SocGen Says
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A Greek exit from the euro risks sparking uncontrollable contagion that may exhaust official funding sources, according to Societe Generale SA analysts.
Greece leaving the euro may lead markets to question the future of the currency shared by 17 nations, the bank said in a report today. Direct costs may reach 360 billion euros ($444 billion) or 3.8 percent of euro-area gross domestic product, the report showed.