LONDON (MarketWatch) â German banksâ exposure to Greece is âmanageable,â but contagion risks are high, Fitch Ratings said in a report released Wednesday. âThe worst consequence of any Greek sovereign default for German and other European banks would be in a sharp increase in general capital market and creditor risk aversion at a time when many banks are still in rehabilitation mode,â said Michael Dawson-Kropf, senior director in Fitchâs EMEA financial institutions group. The ratings company said it âdoes not currently envisageâ any rating action on German banks as a result of their direct exposure to Greece, but sees âhigh potential contagion risksâ if there were any restructuring of Greek sovereign debt. The report provided relief to equity markets, with U.S. and European stock markets subsequently edging higher. http://www.marketwatch.com/story/ge...h-2011-05-25-1138310?link=MW_home_latest_news