Don't underestimate possibility of Greek contagion - warns World Bank

FXStreet (Mumbai) - The possibility of market turmoil and contagion from debt-ridden Greece should not be underestimated, World Bank President Jim Yong Kim warned in an interview with CNBC on Tuesday.

Key Quotes:

"Some of the commentary I'm hearing from people who have been through many of these crises is that there are always surprises,"

"You think that the market has already calculated the impact of a problem in Greece but you never know, so I would urge everyone at the table to come do as much as they can to come to an agreement that is good for Greece, is good for Europe and will of course be good for the world,"

"I'm watching very carefully the possible spill-over effects,"

"Some of the countries we work with closely in Eastern Europe for example could have a direct impact."