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Fitch: Greece's referendum threatens the stability of the euro

According to the rating agency, the referendum just called by the Greek government to approve the new consolidation measures seriously jeopardizes the vitality of the single currency, as well as increasing the risk of Greece leaving the euro

Fitch: Greece's referendum threatens the stability of the euro

Greece's referendum on new consolidation measures agreed in exchange for European aid it jeopardizes the stability and very “vitality” of the euro area, says the Fitch agency in a statement.

A possible rejection of the EU and IMF aid program just negotiated according to the international rating agency "would increase the risks of an uncontrolled default on payments and potentially a Greek exit from the euro. Both of these circumstances would have serious repercussions on the financial stability and vitality of the euro area”.

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