Greece's central bank warns country will likely exit EU without bailout deal
- 9 years ago
Greece's central bank has warned the country it will likely exit the European Union if it fails to reach a bailout deal with its international creditors.
The Bank of Greece says Greeks would face a deep recession and a dramatic decline in income levels without an agreement.
The Greek government has confirmed it will run out of money by the end of the month unless its creditors agree to release eight-point-two billion U.S. dollars in bailout funds.
The stark warnings come on the eve of the latest meeting of European officials, aimed at quelling the crisis.
Eurozone finance ministers will meet in Luxembourg on Thursday for talks that many are saying are the absolute final chance to reach a compromise.
The Bank of Greece says Greeks would face a deep recession and a dramatic decline in income levels without an agreement.
The Greek government has confirmed it will run out of money by the end of the month unless its creditors agree to release eight-point-two billion U.S. dollars in bailout funds.
The stark warnings come on the eve of the latest meeting of European officials, aimed at quelling the crisis.
Eurozone finance ministers will meet in Luxembourg on Thursday for talks that many are saying are the absolute final chance to reach a compromise.