Limassol, June 22, 2015 -- During the course of 2015, the risk of Greece (Caa2, negative) leaving the European Economic and Monetary Union -- so-called 'Grexit' -- has escalated. Although a Greek exit is still not Moody's baseline scenario, the rating agency considers that overall euro area banks are better prepared to weather such a scenario than at the height of the euro area crisis. However, banks in other periphery countries remain vulnerable in the event of an exit.
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