Greek Central Banker Warns Of Greek Euro Exit

ATHENS (Dow Jones–Greece’s central bank governor Tuesday warned the country’s politicians that any deviation from strict austerity targets after May 6 general elections would risk forcing the country out of the 17-member euro currency bloc, even as the central bank signaled that the economy would contract by worse-than-expected 5% this year.

In an unusually blunt warning that cut through much of the lofty rhetoric coming from candidates, George Provopoulos said Greece faced a stark and historic choice between overhauling its economy as a member of the currency bloc, or turning back the clock on decades of economic development and eventual exit from the euro.

via Greek Central Banker Warns Of Greek Euro Exit.

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2 Responses to Greek Central Banker Warns Of Greek Euro Exit

  1. Pingback: A new word is invented: the OXYMERKEL - Alternative News London Ontario - News, sports, entertainment, business, travel, homes and auto sections containing features of interest in North America

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