From Capital.gr:The Greek parliamentary elections delivered a fragmented result that highlighted growing public opposition to austerity, foreshadowing significant challenges ahead at forging the political consensus necessary to keep the country in the euro, according to a report published by Citi on May 7th.
Even considering the push for a growth agenda among European leaders, including newly elected French President Francois Hollande, Citi sees significant potential for a new Greek government to miss the next round of targets and a rising risk of a Greek exit (“Grexit”) from the euro within the next 12 to 18 months, and increase our probability of this occurring from 50% to between 50-75%.
This definitely seems to be Wall Street sell-side consensensus.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.