You are here

ECB's Noyer says Grexit risk has subsided

Friday, July 24, 2015 - 21:11

eurozone240715.jpg
The prospect of Greece being forced to leave the eurozone has lifted, ECB governing council member Christian Noyer said in an interview with Le Monde newspaper published on Friday.

[PARIS] The prospect of Greece being forced to leave the eurozone has lifted, ECB governing council member Christian Noyer said in an interview with Le Monde newspaper published on Friday.

Mr Noyer, who is also governor of the Bank of France, said that Greece represented "next to zero" risk of contagion for foreign banks as they had largely reduced their exposure to the massively indebted country.

Asked whether the risk of Greece's exit from the eurozone had receded, Mr Noyer said: "Yes, I believe so."

REUTERS

Read more on the Greek crisis here
sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom