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Wednesday, October 17, 2012

Greek Euro Exit Seen Possible in First Half

Greek Euro Exit Seen Possible in First Half says RGE’s Greene Current austerity steps and likely retrenchment would create a “decade of depression,” so the country may decide to default on its debt and reissue the drachma, Greene said today at a conference in London. A Greek exit is “very likely” before the end of next year, she said. - via Bloomberg
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