IOU-currency would put Greece in line to quit euro


  • World
  • Tuesday, 07 Jul 2015

FRANKFURT/ BRUSSELS (Reuters) - The thinning oxygen supply to Greek banks could leave Athens with little choice but to introduce a form of second currency, European officials believe, a temporary means of freezing its membership of the bloc but one that risks its ultimate exit.

The idea of putting Greece's euro membership on hold - a temporary 'Grexit' - was recently raised by Germany's finance minister Wolfgang Schaeuble.

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