BUSINESS

Fitch warns ‘no’ ‘dramatically’ raises Grexit risk

TAGS: Referendum

Credit ratings agency Fitch said on Monday Greece’s “no” vote in Sunday’s austerity referendum “dramatically increases” the risk of the country leaving the eurozone.
Fitch said a deal between Greece and its creditors remains possible but that there’s little time.
The agency said the resignation of Finance Minister Yanis Varoufakis signals the Greek government’s desire to again start talking with its creditors.
It added creditors could make stronger commitments on easing Greece’s huge debt but were unlikely to make big concessions on austerity measures.
[AP]

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