El-Erian sees 55-65 chance of a Greek ‘accident’

Mohamed El-Erian, chief economic adviser at Allianz SE, said on Tuesday the likelihood of an “accident” involving Greece’s debts had increased to a 55-60 percent probability.

“I think the probability of an accident is now somewhat higher. I don’t think we can just muddle through forever on Greece,” El-Erian told cable television network CNBC.

El-Erian said that while an accident involving Greece was not threatening to the eurozone economy, it would induce the European Central Bank to further loosen monetary policy.


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