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Wednesday, 17 June 2015

Greece 'headed for painful euro exit'


Greece's central bank has warned for the first time that the country could be on a "painful course" to default and exit from both the eurozone and the EU.

It comes as the Greek government and its international creditors blamed each other for failing to reach a deal over economic reforms.

That failure is holding up the release of €7.2bn (£5.2bn) in bailout funds.

About €30bn was withdrawn from Greek bank deposits between October and April, the central bank added.

The central bank also warned the country's economic slowdown would accelerate without a deal.

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