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FXstreet.com (Barcelona) - Fitch rating agency published a report in which it implies that the Eurozone might be at risk of a breakup, especially in case of Greece's secession, which would trigger contagion among peripheral countries such as Italy, Spain, Ireland, Portugal and Cyprus.

According to Fitch's report the possibility of such a breakup is low, but the risk is nevertheless present. If Greece was forced to leave the Eurozone or did it voluntarily, it would bring about an immediate rating cut for Italy, Spain, Ireland, Portugal and Cyprus.

On the other hand Fitch does not consider very possible a situation in which the area would become divided between the north and the south. Nevertheless it sees the implementation of a common fiscal policy as rather doubtful.

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