Wednesday, June 17, 2015

#GREECE: Nation's Central Bank Warns Of Default, Recession, EU Exit, If Fiscal Talks Fail

[world politics news]

The Greek central bank has warned that the country would be put on a "painful course" towards default and exiting the eurozone if the government and its international creditors failed to reach an agreement on an aid-for-reforms deal. It also said Greece risked a renewed bout of recession. The ongoing crisis has prompted a recent outflow of deposits of about US$33.84 billion from Greek lenders.

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