ECONOMY

Coeure says Grexit not a scenario ECB is working on

The European Central Bank is making no plans for a Greek exit from the eurozone, ECB Executive Board Member Benoit Coeure said in a magazine interview.

“The exit of Greece is not a scenario we are working on,” Coeure was quoted as telling French magazine Alternatives Economiques.

In a transcript of the interview released by the ECB, Coeure also said that, as things stood, there was no reason for concern about the euro area recovering in 2015 and 2016.

[Reuters]