TITLE

ECB official softens Greek exit

AUTHOR(S)
Investor's Business Daily
PUB. DATE
August 2012
SOURCE
Investors Business Daily;8/21/2012, pA02
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
A Greek exit from the currency union isn't the preferred outcome to the country's debt crisis but would still be manageable, European Central Bank policymaker Joerg Asmussen told a German newspaper. That echoes comments earlier this month from Jean-Claude Juncker, leader of the eurozone finance ministers' group. But Asmussen also warned a Greek exit would hurt growth, worsen unemployment, and be very costly to Greece and the rest of the eurozone.
ACCESSION #
79238646

 

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