Greece says 'no': Investor impact in five easy pieces

...why it's not like 2012 for investors, in five easy pieces

clock • 3 min read

The Greek people's historic vote against more austerity has upped the ante on a 'Grexit' from the eurozone. Julian Chillingworth steps back from all the excitement and looks at whether investors really need to worry...

Greek voters have emphatically rejected the Troika's austere bail-out package in a quick-fire referendum. This has sent ripples of uncertainty around Europe and the UK. In the bail-out scare of 2011-12, European equities suffered 29% peak-to-trough falls as investors panicked about the effect a 'Grexit' would have on the residual trading bloc. The risk of contagion is much lower this time around, but investors are unlikely to escape completely unscathed...

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