There will be massive disruptions in financial markets if Greece exits the euro area, European Central Bank Governing Council member Ewald Nowotny said Thursday.
The central bank has taken accommodative measures. These measures may take some more time to show its impact, he added.
Elsewhere, Germany's Bundesbank on Wednesday said euro area will face significant challenge if Greece exit from the region. But it would be manageable with the help of cautious crisis management.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.