negative impact on the Greek economy

If we place ourselves in the short term, the biggest risk is exposure to private debt, said Christian Parisot, an economist and chief strategist of Aurel BGC. The implementation of an austerity plan would have a certain negative impact on the Greek economy. It would lead to a contraction of 3 to 4% of GDP, would increase the risk of default of households, less creditworthy than a State, and consequently the business. "