Friday, February 20, 2015

ECB prepares for Greek exit from the euro – AnsaLatina.com

ECB prepares for Greek exit from the euro – AnsaLatina.com

BERLIN, 20 (ANSA) – The European Central Bank (ECB) is preparing a hypothetical Greek exit from the euro, wrote today the German weekly Der Spiegel.
According to the magazine, the ECB would be making preparations include simulations of how it would affect the eventual “Grexit” to other countries in the euro area and plans to have them all together, if not reach agreement with Athens.
Der Spiegel also wrote that the International Monetary Fund (IMF) considers that the eventual exit of Greece would be sustainable for countries in the single currency. And the euro area, with the security measures taken in recent years, would be sheltered from a contagion effect.
“The Greeks moved daily 1,000 million euros abroad,” the German magazine. Next February 28 current plan expires on financial assistance from eurozone partners to Athens. I
Asked about the indiscretions published by Der Spiegel onlin e, a spokesman for the ECB said the bank does not want to participate in speculation on plans for a Grexit. (ANSA). Y8K / MRZ

02/20/2015 19:08


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