Comments from hedge fund manager Jeffrey Gundlach, co-founder of DoubleLine Capital:

  • Greece's likely exit from the euro currency group "opens Pandora's box" by setting a precedent that makes membership porous
  • Greece will exit the euro currency area in "slow motion"
  • Should be positive in the short run for the euro
  • It removes an economic drag
  • Grexit does raise questions about whether other members of the bloc may eventually leave: "There's never one cockroach"

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Bloomberg