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EU encourages Greece to stay in eurozone

09-05-2010 09:18 BJT

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The European Central Bank chief has called the possibility of Greece leaving the eurozone, the "worst possible option." Jean-Claude Trichet made the comments at Ambrosetti Forum, an annual gathering of political and business leaders on the shores of Italy's Lake Como.

Trichet said the euro was created to create a single market for the prosperity and stability of Europe. He also said Greece has to take care of its own national competitiveness within the eurozone.

Meanwhile, European Union antitrust chief Joaquin Almunia praised Greece's austerity measures in exchange for a massive bailout package extended earlier this year. Greece has been trying to pull itself out of a debt crisis that nearly led to default earlier this year. Athens sought help from the IMF and the eurozone and is currently receiving rescue loans from a three-year 110 billion US dollars package.

Editor:Zhang Ning |Source: CNTV

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