According to Jane Foley, Senior FX Strategist, RBS, many markets have already priced in the possibilty of Greek default. One big concern for the markets is that whether or not other countries could potentially follow a default for Greece.
"If there is deterioration in confidence about the euro zone, then demand for dollars will increase and euro-dollar could slip further down towards the 1.30 levels," she added. Below is the edited transcript of Foley's interview with Latha Venkatesh and Ekta Batra of CNBC-TV18. Also watch the accompanying video. Q: We are hearing too much talk about an inevitability of Greek default; do you see that happening in 2011 itself? A: For sure the markets are preparing and many markets are already prepared for a Greek default. For many people itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
