Dow Jones story.
Poland’s FinMin Jan Vincent-Rostowski opines that a Greek exit from the euro, albeit undesireable, would be much less damaging now than in the past because of the ECB liquidity measures.
The official, in a radio interview, said a Greek exit “would have been much more serious, even two or three months ago, than today because the situation in Europe and the world has stabilised. Today, the effects would be very bad for Greece though, as funds would leave the country’s banking system. It’s happening slowly, but it would accelerate and result in a big recession there.”
