IMF warns of 'full-blown panic' eurozone break-up would cause

blanchard

The International Monetary Fund today published its latest World Economic Outlook report in which the possibility of a break-up of the eurozone was addressed.

"The potential consequences of a disorderly default and exit by a euro area member are unpredictable... If such an event occurs, it is possible that other euro area economies perceived to have similar risk characteristics would come under severe pressure as well, with full-blown panic in financial markets and depositor flight from several

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