ECONOMY

Chance of Grexit ‘more than 50-50,’ says WPP CEO

Greece’s departure from the euro is now likely enough that officials from the single-currency area act as if they have come to terms with such an outcome, according to Martin Sorrell.

“They’ve almost got into the mind of, ‘Look, it’s going to happen, let’s get on with our lives,’” the chief executive officer of WPP Plc told Francine Lacqua in a Bloomberg Television interview on Thursday, citing discussions on a visit to Brussels last week.

“The odds have moved closer to them going” and it’s “not a given, but more than 50-50,” he said.

[Bloomberg]