Says chances of Grexit now 50%
- Grexit would worsen an already desperate situation for Greek banks
- overall impact of Grexit would be severe for Greece but more contained for the rest of the Eurozone
- Grexit may not immediately have negative rating impact for other Eurozone sovereigns
- expects that a distressed Grexit from Euro would have severe consequences for Greek economy, it's banks and non-financial companies
Will there really be any other kind of Grexit other than "distressed" ?
S&P laying it on the line anyhow in their latest report
Meanwhile, euro still making a few gains from earlier lows
