Rueters: EU Tells Members To Prepare For “GREXIT”
From Reuters at 11:31 a.m. EST - Full Article Here:
(Reuters) - Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany’s central bank said would be testing but “manageable”. Three officials told Reuters the instruction was agreed on Monday during a teleconference of the Eurogroup Working Group (EWG) - experts who work for the bloc’s finance ministers. “The EWG agreed that each euro zone country should prepare a contingency plan, individually, for the potential consequences of a Greek exit from the euro,” said one euro zone official.
