Citi: Greece is 90pc likely to leave the euro

Marion Dakers
GREECE now has a 90 per cent chance of exiting the Eurozone in the next year and a half, according to increasingly gloomy economists at Citigroup yesterday.

Chief economist Willem Buiter wrote in February that the chance of a Greek exit was 50-50, but has become more pessimistic amid a worsening Eurozone economy.

Buiter said a Grexit is most likely to occur in the next two to three quarters, while he also expects to see some form of state bailout for both Spain and Italy this year.