Tuesday, June 12, 2012

Ex-Greek PM: Euro exit would be "catastrophic"

(CBS News) President Obama recently expressed concern over the financial debt crisis in Europe. No one knows more about that problem than now-former Greek Prime Minister George Papandreou, who had lost his job over the situation last November. Greece could become the first European country to abandon the Euro as its currency. In a "CBS Evening News" interview, Papandreou said that the European economy can be saved, but time is short. An excerpt of the interview follows.
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