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News Link • Economy - International

REPORT: EU Officials Expect A Greek Default, But Think It Will Stay In The Euro

• www.businessinsider.com
The Telegraph reports that EU leaders generally agree that a Greek default is imminent but  that Greece will not leave the euro.

The report cites talks in Paris, Berlin, Frankfurt, and Brussels over how to handle a Greek default in the short to medium term.

In such a scenario, officials expect the European Central Bank to engage in massive purchases of Greek bonds in order to keep banks across the eurozone afloat.

 

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