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Wednesday, June 17, 2015

Bank of Greece: Deal or painful course out of euro

Bank of Greece Governor Yannis Stournaras on Wednesday issued an emphatic call to the government to reach an agreement with the country’s creditors, saying that otherwise it would pave the way for a Greek exit from the eurozone. In the BoG Monetary Policy report Stournaras also expressed concern about the economy’s return to recession this year, recommending the continuation of the fiscal adjustment with an emphasis on cutting tax exemptions.


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