The possibility of a Grexit, or Greece leaving the eurozone, seems increasingly real and French banks are preparing for it. According to a number of media reports, some of the country’s leading banks are already said to be putting protective mechanisms in place. They want to use it to protect their investors and investments in the European Union as well as in emerging markets such as India, China, etc. secure.
The fear among financial institutions is that Grexit, if it occurs, will cause a major tremor in the markets. Many experts believe Greece’s exit from the eurozone could trigger the end of the single currency and prompt other countries to leave as well. A dam burst that could completely collapse the European banking system.