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Greek Central Bank Warns Against Default

The Greek central bank has warned that failure to reach a bailout deal with its international creditors will result in recession, decline in income levels, and possibly even a withdrawal from the eurozone. The central bank issued its statement Wednesday, a day before eurozone finance ministers meet to discuss how to get more emergency funds to Greece by June 30, when Athens is obligated to make a $1.8 billion repayment to the International Monetary Fund. In its statement Wednesday the...

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