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Transcripts for CNN CNN Newsroom Live 20150711 09:30:00

integration. . it could expose the eastern flanks of russia and embolden ore anti-austerity parties. though the eurozone is two-thirds of greece s total 323 billion euro debt pile the country represents 2% of the gdp meaning the block is much better placed to deal with the fallout. we expect to be limited. we have been saying this for months. the reasons not only that the financial intersection with greece are pretty small, but also because we have a a pretty robust rescue and bailout architectre now in place. a grexit would have severe consequences consequences. new money would have to be printed. trade deals would expire and people could lose savings if banks fail. no legal precedent for exit from the monetary block, the country may have to leave the bigger union as well. definitely it will be much

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