The International Monetary Fund’s (IMF) basic scenario for Greece does not foresee a Grexit – a Greek exit from the Eurozone – Financial Counselor and Director of Monetary and Capital Markets Department of the IMF, Joss Vinals, said on Wednesday. Speaking at a press conference to present the Global Financial Stability report, Vinals said an exit from the Euro would be devastating for the country and its people, and would result in a huge economic cost. He said it would also have negative consequences in Eurozone confidence, which he warned must not be underestimated. (source: ana-mpa)
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