High Chance Greece, Cyprus Will Leave Euro: Citigroup

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HFA Staff
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Greece

A new report from Citigroup Inc. (NYSE:C) looks at the possibility of Greece and Cyprus leaving the European Single Currency, the Euro, in the coming months and years. The report finds that there is a high chance of both countries leaving the Euro in the future, though the immediate risk of such an event is lower. According to the Citigroup Inc. (NYSE:C) report, there are numerous possible triggers that could lead to Cyprus or Greece abandoning the currency. The most prominent is the growing possibility that Cyprus will have to restructure its debt. An event like that could destabilize the…

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