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.
by RTT Staff Writer
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