Thursday Jul 24, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU, ECB said to be working on Greece exit contingency [update]

The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview published on Friday.

The comments would appear to be the first time that an EU official has confirmed the existence of contingencies being taken for a possible Greek exit from the currency bloc. Speculation has been rife about such plans, but their existence has not been confirmed.

“A year and a half ago there may have been the danger of a domino effect,” he said in an interview with the Belgium's Dutch-language newspaper De Standaard.

“But today there are, both within the European Central Bank and the European Commission, services that are working on emergency scenarios in case Greece doesn't make it.”

Meanwhile, an industry source told Reuters Friday that De La Rue has drawn up contingency plans to print drachma banknotes should Greece exit the euro and approach the British money printer.

The source, who asked not to be named, said that as a commercial printer De La Rue needed to be alive to the possibility of a Greek exit from the single currency and prepare accordingly. [Reuters]

ekathimerini.com , Friday May 18, 2012 (13:47)  
Family of deceased woman on life support says application for ´special status´ had been filed with PPC
Democracy ´retreated´ during crisis, says Papoulias
Quadriplegic woman on life support ´dies due to unpaid power bills´
Policeman saves bather in western Greece
No property transactions for tax evaders
The Finance Ministry is blocking real estate transactions for owners who have not paid their property taxes in the last five years. Any transactions attempted without the ENFIA certificate, ...
IOBE warns crisis will return if reforms are not implemented
The Greek economy will expand by 0.7 percent this year but it risks slipping back into the mire of the recent crisis years unless the reforms are implemented, the Foundation for Economic and...
Inside Business
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
When evaluation is seen as useless
The reactions toward the government’s plans for an evaluation of public sector workers are completely unsurprising. Civil servants – and not just the unions that represent them – abhor the m...
EDITORIAL
Playing the good guy
There is a part of the government that is striving to fulfill the commitments that Greece has undertaken toward its foreign creditors, most of which pertain to reforms that are absolutely es...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Family of deceased woman on life support says application for ´special status´ had been filed with PPC
2. Democracy ´retreated´ during crisis, says Papoulias
3. Quadriplegic woman on life support ´dies due to unpaid power bills´
4. No property transactions for tax evaders
5. IOBE warns crisis will return if reforms are not implemented
6. Aegean has expressed an interest in Cyprus Airways
more news
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Democracy 'retreated' during crisis, says Papoulias
3. Family of deceased woman on life support says application for 'special status' had been filed with PPC
4. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
5. Front-line threats
6. EU praises Greece’s progress in departure from troika criticism
Today
This Week
1. The cost of excellence
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.