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EU officials discuss options should Greece exit euro

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EU officials discuss options should Greece exit euro


Capital controls, imposing border checks and cash machine limits are just some of the measures being discussed in Brussels, should Greece leave the euro.

Once the very idea was unthinkable, but now EU officials appear to be openly admitting the ideas are part of contingency plans should the worst case scenario come to pass.

“For reasons of public order and security it is possible to have some restrictions. The Commission is the guardian of the treaties. We provide information on what EU law is in this type of scenario. It’s for others to work out scenarios, we just say what the law is. That doesn’t mean we are working on a plan,’‘ EU Commission spokesman Olivier Bailly said.

EU officials continue to stress they still don’t expect a so called Grexit. But, the admission that certain restrictions could be put in place highlights the increasing unpredictability of Greece’s future in the euro.

On Sunday, the country will once again go to the polls in a bid to try to form a new government.

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