May 21, 2012
Greek Euro Exit By Numbers: What Economists Expect
Excerpts ..
*Amid all the concern about Greece leaving the euro altogether, Deutsche Bank suggests another path: introducing a parallel currency, which it nicknames the "Geuro," to run alongside the remaining common currency. Leaving the euro altogether would cause economic, political and social chaos, the bank says, whereas this would give the authorities "the power to stabilize the exchange rate of the Geuro...so as to keep the door open to a future return."
*JP MORGAN: There's now a 50% chance of Greece leaving, up from 20% before the country's politicians failed to produce a coalition government
*The bank added Monday that it expects Wednesday's unofficial summit to endorse the weekend's notion that while euro-zone officials still see Greece as an integral part of the currency block, they continue to demand full compliance with the terms of the second bailout.
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