Citigroup calls Greece’s leaving euro zone a matter of time

Citigroup calls Greece’s leaving euro zone a matter of time

Citigroup (USA) says that the problems of the euro zone will stay in the medium range due to the fall of the GDP in 2012 and 2013, ITAR-TASS reports.

Specialists of the US bank believe that Greece will leave the euro zone in 12-18 months, but with such instability, it may happen as soon as September-October 2012.

Should Greece quit, the euro value will drop by 60%, causing the highest inflation rate in 2013-2016. In other words, Citigroup predicts very hard times for the European Union.

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