Blackstone CEO says eurozone could contain Grexit contagion
[DUBLIN] The EU should be able to contain the fallout of a possible exit of the eurozone by Greece, whose economy and financial system is at real risk ahead of a referendum on Sunday, the chief executive of private equity fund Blackstone said on Wednesday.
Blackstone Chief Executive and Chairman Stephen Schwarzman said that the eurozone could contain a 'Grexit'.
"There have been some very significant changes since 2010 and the euro zone is much, much better prepared," he told journalists in Ireland.
"I would be surprised if it (the Greek referendum) were not a strong 'Yes' vote because the country is at real risk in terms of stability of their financial institutions and their economy," Mr Schwarzman said.
REUTERS
Read more on the Greek crisis here
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle