Fitch sees euro zone breakup as “remote risk”

Credit rating agency Fitch sees a break-up of the euro zone as a "remote risk" and not one of its most likely scenarios, a Fitch director said on Wednesday.

"It's not our central view, it's still a remote risk," Brian Coulton, managing director and head of EMEA sovereigns and global economics, told a conference in Paris.

Fears that Greece's debt crisis could spill over into neighbouring European countries have rocked financial markets in recent weeks and caused a fall in the euro currency.

The European Commission on Wednesday denied a newspaper report that the European Union, the IMF and the U.S. Treasury were drawing up a liquidity plan for Spain including a credit line of up to 250 billion euros. [ID:nLDE65F0GX]

Coulton said he did not expect a voluntary exit from the euro zone from countries under pressure due to debt problems.

"A voluntary exit by a weaker country is very unlikely," he said.