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Wednesday, May 16, 2012

''ECB’s Draghi concedes Greece could leave eurozone''

From Ekathimerini

''European Central Bank President Mario Draghi acknowledged on Wednesday that Greece could leave the euro area and signaled policymakers will not compromise on their key principles to prevent an exit.

While the bank’s “strong preference” is that Greece stays in the euro area, “the ECB will continue to comply with the mandate of keeping price stability over the medium term in line with treaty provisions and preserving the integrity of our balance sheet,” Draghi said in a speech in Frankfurt.''

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