Why markets may shrug off a Greek tragedy

March 31, 2015 11:03 PM

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Why markets may shrug off a Greek tragedy

Greece's debt drama is getting louder and more dire as negotiators lose patience, but some market players are shrugging off a potential default as little more than a hiccup in the European market rally.

"Medium term, there is a very clear potential that Greece should go out [of the euro zone]," Michael Strobaek, global chief investment officer at Credit Suisse, said last week, citing the country's "notoriously ineffective" reform efforts.

Also read: Eurogroup should be 'realistic' on Greece fiscal targets: Dijsselbloem

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