ECB's Noyer Says 'Grexit' Not a Problem For Eurozone: Report

MarketWatch Pulse

If Greece leaves the eurozone, it won't cause havoc in the rest of the currency bloc because the situation is much different than it was earlier in the Greek debt crisis, European Central Bank governing council member Christian Noyer said on Monday, according to Reuters. Speaking at an event in Montreal, Noyer said the firewalls put in place to contain a financial crisis are extremely powerful, so the consequences of a so-called "Grexit" would be contained to Greece itself. He also stressed that it's urgent for Greece to reach an agreement with international lenders to unlock the next portion of bailout cash, Reuters reported.

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