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EU Commission Denies Working On Secret Greece Exit Plan

The European Commission is not working on any contingency plans should Greece leave the Eurozone, a spokesperson for the Commission said on Friday.

“We completely deny that we are working on any such emergency plans,” the spokesperson told Market News International.

“We are concentrating all our efforts on supporting Greece and keeping it in the Eurozone. That is the scenario we are working on,” the spokesperson said.

The Commission’s denial follows an interview with the EU’s Commissioner for International Trade, Karel De Gucht, in Belgian newspaper De Standaard on Friday, in which the outspoken Commissioner said that both the Commission and the European Central Bank were working on back-up plans to counter the danger of a “domino-effect” should Greece abandon the common European currency.

The commission didn’t want to comment officially on the those made by trade commissioner Karel De Gucht, that the ECB and EC have “contingency plans” to avoid a “domino effect” from a Greek default, but it seems that an official statement proved necessary.

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