A banner hangs in front of the parliament during a pro-government rally calling on Greece's European and International Monetary creditors to soften their stance in the cash-for-reforms talks in Athens, June 17, 2015. REUTERS/Yannis Behrakis
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The euro will not fall if Greece quits the single currency area, German central bank chief Jens Weidmann said in a newspaper interview published Thursday.A so-called Grexit would be an exit by Greece from the euro area.Eurozone finance ministers were set to hold crunch talks over Greece in Luxembourg Thursday, after a barrage of warnings that the country risks a damaging exit from the EU if it fails to strike a deal with its creditors.As negotiations between Athens, the EU, ECB and IMF over the last 7.2 billion euro ($8.1 billion) tranche of Greece's massive international bailout grew increasingly acrimonious this week, officials started openly discussing the prospect of Greece crashing out of the euro.
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