'Grexit' Would Strengthen Euro, Enable Europe to Focus on Lifting Growth

A Greece departure from the 19-nation eurozone block, may not be such a threat to global markets, according to one strategist. 'An exit of Greece from the eurozone might actually strengthen the euro and enable the eurozone to focus on getting the economy back up and running,' said Alastair McCaig, a market analyst with London-based IG Markets. 'I think there's going to be plenty of buying opportunities in the not too distant future. Europe's quantitative easing program hasn't really been felt because of Greece, but once it is, there will be attractive equity opportunities for U.S. investors in the European arena.' 'Grexit' fears intensified on Monday after some two-thirds of Greek voters said nay to proposed austerity measures in a historic referendum on Sunday. Meanwhile, shares of the National Bank of Greece (NBG), which trades in the U.S., slipped almost 13 percent on Monday, as experts said Greek banks have just days of liquidity left.