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Papademos: No Preparations in Greece for Leaving Euro
Former Greek Prime Minister Lucas Papademos says there are no preparations underway in Greece for possibly exiting the Euro. In a brief conversation with CNBC, he also said he is not aware of any specific preparations in European institutions or other European countries. However, he "cannot exclude the possibility" that countries are making preparations due to increased fear of such an event, driven by the country's inconclusive elections in early May. Papademos still believes greece leaving the euro is an event "unlikely to materialize," and also called it an "unwanted scenario." Papademos spoke to CNBC after ... (full story)
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