Traders put Grexit chances at one in four

The chances Greece will leave the eurozone are slightly less than one in four, according to a Reuters poll of traders.

That 23 percent median compares with the 40 percent probability traders gave a couple of weeks ago, when more than half of them said Greece could stay in the bloc even if it defaults on repayments.

“The default and the Grexit are two very different things,” said a trader at a large dealer.

“They can default or partially default, but they will not leave the eurozone.”

The country is in the midst of negotiating a new cash-for-reform deal with its eurozone partners to help end an era of austerity that has weakened economic growth.

“There has to be a solution to keep Greece in the system, otherwise Greece will have a huge problem,” a trader said.

Greece’s gross domestic product numbers, to be released on Friday, are expected to show the economy shrank 0.5 percent on a quarterly basis in the first three months of the year.


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