ECB’s Coeure Says Greek Exit From Euro Area Can’t Be Ruled Out
Greece-EU Creditors Far Apart For Agreement: Miller
This article is for subscribers only.
European Central Bank Executive Board member Benoit Coeure said Greece’s future in the euro area isn’t guaranteed, though he still sees room for a political deal to keep it.
“The exit of Greece from the euro area, which was a theoretical point, can unfortunately no longer be ruled out,” he said in an interview with Les Echos published late on Monday. “This is the result of the choice of the Greek government to put an end to the discussion with its creditors and to call a referendum, prompting the Eurogroup not to extend the second aid program.”