Crisis deepens as Greek central bank warns of euro exit

[WorldNews]

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The Greek central bank warned for the first time on Wednesday that the country could suffer a "painful" exit from the eurozone and even the EU if it fails to reach a bailout deal with international creditors. All eyes are on a meeting of the 19 eurozone countries to take place Thursday in Luxembourg, but several officials including Greek Finance Minister Yanis Varoufakis said they were not expecting a breakthrough in the cash-for-reforms standoff there either. Underscoring mounting fears of a possible "Grexit", US Federal Reserve Chair Janet Yellen warned that the global economy could see significant turmoil if Greece and its creditors failed to do a deal.

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