Grexit risks are rising – UK Chancellor Osborne

FXStreet (Mumbai) - The UK Chancellor of the Exchequer, George Osborne warned on Tuesday, that the risk of Greece leaving the euro is rising which could cause severe disruptions on the markets.

Key Quotes:

"Once you have established the fact that a pegged currency can be broken…the markets and others will seek to test that,"

"Greece is not the only weak economy in the euro zone."

Speaking further, he said that the “ill will” around the table at recent EU meetings has been palpable.