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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read
More work needed to tackle inflation as BoE members warn of further market turmoil

More work needed to tackle inflation as BoE members warn of further market turmoil

BoE MPC members spoke at Treasury Committee hearing

Sorin Dojan
clock 06 March 2025 • 2 min read