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What will happen if Greece leaves the single currency?

As EU finance ministers have met to discuss the political crisis in Athens, Ed Balls has told BBC Radio 5 live's Shelagh Fogarty that Spain and Italy pose a bigger threat to the eurozone than Greece.

Nine days after the election, Greek politicians are still trying to form a working government.

The Shadow Chancellor has added that Britain should put more pressure on the European Central Bank to stop the contagion.

BBC Radio 5 live Breakfast asked the chairman of Lombard Street Research, Charles Dumas, and the currencies editor for the Dow Jones, Katie Martin, what would happen if Greece left the single currency.

To listen to other 5 live interviews, please visit the Best Bits page.

  • 15 May 2012
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