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El-Erian: Grexit would not be a major catastrophe

Greece

Mohamed El-Erian, chief economic adviser at Germany-based Allianz, told CNBC on Tuesday that a Greek exit from the euro would cause "short-term chaos," but it would not bring the global economy to its knees.

Vote puts Grexit back on front burner

Exit Sign

The risk of a sovereign default in Greece has increased after the anti-austerity Syriza party won Sunday's snap elections, analysts say, noting that anxiety over the possibility that Greece will exit the euro zone will keep global markets nervous.

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Greece

El-Erian: Grexit would not be a major catastrophe

Mohamed El-Erian, chief economic adviser at Germany-based Allianz, told CNBC on Tuesday that a Greek exit from the euro would cause "short-term chaos," but it would not bring the global economy to its knees.

Exit Sign

Vote puts Grexit back on front burner

The risk of a sovereign default in Greece has increased after the anti-austerity Syriza party won Sunday's snap elections, analysts say, noting that anxiety over the possibility that Greece will exit the euro zone will keep global markets nervous.