Wednesday 30, May 2012 by Robin Amlôt
Economic impact of Greek exit 'real but mitigated' says Standard Chartered
Standard Chartered Bank says the economic and market implications of an external shock from a Greek exit from the Euro bring back memories of 2009. However, parts of the Middle East and North Africa (MENA) region are in a significantly stronger position now. This is particularly true for the six GCC economies, which Standard Chartered expects to show resilience. Key weaknesses have been resolved – asset bubbles in the GCC have already burst, and unsustainable credit booms are long over.
