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The possibility of Greece defaulting raises the prospect of Greece exiting the euro entirely. (Photo: Anders Sandberg)

Senior officials discuss Greek default

Eurozone officials have, for the first time at senior level, discussed what would happen if Greece defaults on its payments.

Officials from the 19 euro countries’ finance ministries, including Greece, discussed the possibility at a meeting in Bratislava on Friday (12 June).

"It was a preparation for the worst case. Countries wanted to know what was going on”, one official told the AFP news agency.

A second official said: “A default was mentioned as one of the scenarios th...

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The possibility of Greece defaulting raises the prospect of Greece exiting the euro entirely. (Photo: Anders Sandberg)

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