June 17, 2015

Greek central bank issues 'Grexit' warning if aid talks fail

According to the BoG the country risks falling back into recession and destabilizing its banking system in the event of a failure to reach a deal.

The Greek central bank warned on Wednesday that the country would be put on a "painful course" towards default and exiting the euro zone if the government and its international creditors failed to reach an agreement on an aid-for-reforms deal. Read more.

TOC

Related,
Greece told reform isn’t crazy as central bank warns of EU exit - eKathimerini
Greece likely to exit euro & EU without deal with creditors – central bank (video) - RT

Greek central bank warns of uncontrollable crisis - DW

Juncker rebukes Greek govt for mis-stating EU proposals - TOC
- ECB member Klaas Knot: Greek banks okay with stress but not default - TOC

Will Greece leave the euro? A look at its options - eKathimerini

Dit zijn dé 3 scenario’s voor Griekenland de komende weken - Beurs.com
“Onhoudbare leningen aan Grieken opgelegd alleen om Duitse en Franse banken te redden” - De Wereld Morgen

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