Greece's exit from the Eurozone would increase the risk of a banking system crisis in peripheral countries. This is Moritz's opinion Kraemer, head of Standard & Poor's sovereign ratings division for the Middle East and Africa: "The risk of deposit withdrawals would increase," said the analyst, then underlining that with Greece's exit from the euro, confidence in the economic environment would be ruined for a long time.
As for the Eurobonds, Kraemer noted that would require a change to the European treaty, which argues that states are responsible for the debt they hold. That would be why necessary to achieve unanimity among the Member States of the European Union. "From a political and constitutional point of view, it seems to be a very steep hill to climb - he continued -, and I don't think that Eurobonds can play a decisive role in resolving the crisis", concluded Kraemer.
