Greek central bank warns of uncontrollable crisis

The Greek central bank has said all sides concerned need to go the extra mile to prevent Greece from defaulting and dropping out of the eurozone. It added that even the country’s membership in the EU was at stake.

The Bank of Greece warned Wednesday that failure to conclude bailout talks with the country’s creditors would lead to immediate default.

It said a deal with international lenders was “of the utmost importance to fend off the immediate risk to the economy,” adding that failure to strike a last-ditch agreement would most likely mean the country’s exit from the euro and also from the European Union.
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Source News: DW