Gundlach: Greece’s likely exit from euro “opens Pandora’s box” precedent

Comments from hedge fund manager Jeffrey Gundlach, co-founder of DoubleLine Capital:

• Greece's likely exit from the euro currency group "opens Pandora's box" by setting a precedent that makes membership porous
• Greece will exit the euro currency area in "slow motion"
• Should be positive in the short run for the euro
• It removes an economic drag
• Grexit does raise questions about whether other members of the bloc may eventually leave: "There's never one cockroach"

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Bloomberg