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BNP Chairman Says Greek Exit Would Repeat Argentina’s Depression

BNP Paribas SA Chairman Jean Lemierre urged an agreement between policymakers and Greece on keeping the nation in the euro, saying nobody wanted a repeat of the 2001 default in Argentina that thrust the country into depression.

“The exit of Greece will send the Greeks into poverty,” Lemierre said Tuesday in Riyadh. “Nobody wants to see an Argentine situation, so there are good reasons why there should be an agreement and the views are the same in Berlin and in Paris.”