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Greek Elections Raise Euro Risk

Results also prompt calls for policies to boost European growth.

By Jeffrey Donovan, Bloomberg | Updated on May 07, 2012

Greece’s election, in which the two main parties failed to win a combined majority, raised the risk that the nation will exit the euro and prompted calls for policies to boost European economic growth.

Greece now faces a 50 percent to 75 percent likelihood of leaving the euro in the next year to 18 months, Citigroup Inc. economists Guillaume Menuet and Juergen Michels wrote in a report today. They’d previously estimated the risk of a euro exit at 50 percent.

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