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Greece bank warns it could face 'painful' euro exit

Greece's central bank has warned for the first time that the country could be on a "painful course" to default and exit from both the eurozone and the EU.

It comes as the Greek government and its international creditors blamed each other for failing to reach a deal over economic reforms.

That failure is holding up the release of €7.2bn (£5.2bn) in bailout funds.

James Reynolds reports.

  • 17 Jun 2015
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