Fitch just published a report outlining five reasonably likely ways in which Europe will end its debt crisis in the future. While other outcomes are possible, the agency admits, they spell out five likely scenarios, and the effect each would have on countries’ long-term issuer ratings.
For now, “Fitch believes there is a third way between break-up and full fiscal union, and expects the eurozone to muddle through the sovereign debt crisis.”
Take a look at what could happen:
Photo: Fitch Ratings