Default Potential Adds Uncertainty To Healthcare And Pharmaceutical Markets

BMI View: With a high probability of imminent default, the outlook for Greece's pharmaceutical and healthcare market is worsening, and the uncertainty of how and when a default could occur only adds to the challenges and risks of operating in the market. If Greece experiences an orderly default, the outlook for the sector is dismal, though it is likely the government will be able to continue its established healthcare reforms package in order to achieve the considerable savings already announced. However, a disorderly default creates the potential for faster, more painful, unpredictable cuts to both healthcare and pharmaceutical expenditure.

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