The possible exit of Greece from the European Union may lead to the fact that Germany, as a result of this, lose its current maximum credit rating among the countries participating in the Eurozone. In addition, the exit of Greece from the eurozone will inevitably affect credit ratings of countries such as France, Spain and Portugal, as well as most other countries of the European Union.
Information that the release of Greece from the EU will inevitably negatively affect the credit rating of almost all countries of the European Union was announced by the official representative of the International rating agency Moody’s. As it was explained – the release of Greece from the eurozone will become the failed fact of the financial losses of those who once decided to provide financial assistance to this country, investing money in Greek debt obligations. These losses will be suffered both directly, due to denomination, and indirectly due to quite serious macroeconomic difficulties that will inevitably follow. Just, as economists note, the exit of Greece from the eurozone will also become a threat to the integrity of the European Union as a whole and a single European currency in particular.
In addition, such a development of events, first of all, will hit the countries of the eurozone with the most prosperous economy, Thaim as France and Germany. And if at present the rating of these countries has the maximum possible value of AAA, then after Greece exits the eurozone, this rating will undoubtedly be revised and most likely reduced. In addition, already now, in view of the possibilities of Greece from the EU, experts predict a decrease in the rating of countries such as: Spain, Italy, Ireland, Portugal and Cyprus. In addition, against the backdrop of the deterioration of the economy of European countries as a whole, experts from the international rating agency Standard & Poor’s do not exclude the possibility of the fact that America’s credit rating will probably be revised.
Along with this, there is still a tiny hope that Greece still will not go to such a radical step as the country’s exit from the eurozone. However, for this it is necessary that the creditors go towards the requirements of the Greek government to revise the measures of tough budget savings towards their significant softening. If they are softened, then the “soreness” of measures can be met with a great understanding from the people of Greece.
Against the background of an extremely intense situation with Greece, information has recently received information that the leadership of the International Monetary Fund is considered a situation in which financial assistance to most Spanish banks may be required in the near future.
