ECB Noyer say Grexit Fears Have Been Lifted

July 24, 2015 Share Print 0

The prospect of Greece being forced to leave the euro zone has lifted, ECB governing council member Christian Noyer said in an interview with Le Monde newspaper published on Friday.

Noyer, who is also governor of the Bank of France, said that Greece represented “next to zero” risk of contagion for foreign banks as they had largely reduced their exposure to the massively indebted country.

Asked whether the risk of Greece’s exit from the euro zone had receded, Noyer said: “Yes, I believe so.”

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.