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Lagarde quote on Greece corrected
29 May 2015 16:04
German newspaper Frankfurter Allgemeine Zeitung has corrected an interview with International Monetary Fund head Christine Lagarde in which she had been quoted as saying that a Greek exit from the euro zone was a "possibility".
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The IMF released a transcript of the interview, which was still having an impact on markets today.
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"We are not naive and we don't think that this is going to be or would be a walk in the park. It's a complicated issue and it's one that I hope the Europeans will not have to face because hopefully they will find a path to agree with the future of Greece within the euro zone," Lagarde was quoted as saying in the transcript.
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"But, you know, it's a potential ...", she ended without completing the sentence.
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FAZ, a leading German financial newspaper, said it had "changed" Lagarde's quote.
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Versions that ran today changed Lagarde's quote to read: "Nobody would wish a Grexit on the Europeans", according to a statement from the paper.
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Meanwhile, a senior Moody's rating analyst has said that a Greek exit from the euro would not mark a return to the debt crisis of 2012.
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But it would create risks of contagion and change the nature of the monetary union, which was supposed to be permanent.
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"We don't think that a Greek exit would be inconsequential," Kathrin Muehlbronner, vice-president of sovereign risk at Moody's told Reuters in an interview in Lisbon.
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Many analysts worry that Greece will be forced to leave the euro zone if it fails to reach agreement with its creditors and receive more funds.
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"A Greek exit would change the face and the nature of monetary union, which was supposed to be permanent and would then turn out not to be," Muehlbronner said.
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She added that Portugal would be at risk of contagion in the case of a Greek exit.
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