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Goldman’s Cohn Sees ‘Small’ Chance Euro Area Will Stick Together

Goldman Sachs Group Inc. President and Chief Operating Officer Gary D. Cohn sees a “small” probability that the euro area will stick together, saying it’s more likely that some countries will exit to pursue growth.

“In federalism, you create a unified Europe, where the countries that are thriving because of the currency subsidize the countries that are contracting because of the currency,” Cohn said in an interview in Tokyo today. “I would put a relatively small probability of that happening.”