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- Bank of Greece: failure to reach a deal with creditors could lead to the exit from the Eurozone and to crisis in Greece
Bank of Greece: failure to reach a deal with creditors could lead to the exit from the Eurozone and to crisis in Greece
The Bank of Greece said in its annual report on Wednesday that failure to reach a deal with creditors could lead to the exit from the Eurozone and to crisis in Greece.
"The conclusion of a new agreement with our partners is of the utmost importance to fend off the immediate risks to the economy, reduce uncertainty and ensure a sustainable growth outlook for Greece. Failure to reach an agreement would, on the contrary, mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and - most likely - from the European Union," the central bank said.
The Bank of Greece urged to the Greek government to reach a deal.
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