Greek exit from euro would be 'catastrophic'

Antonis Samaras told the Washington Post that an exit from the euro had to be avoided at all costs, as he once again called for more time for Greece to implement spending cuts. Greece is currently trying to finalise a package of €11.5bn (£9.3bn) of spending cuts over the next two years, to ensure it qualifies for the next tranche of its second €130bn bailout. Samaras (pictured) said Greece had to "make sure that we abide by what we have signed because we believe that what they call a 'Grexit' is not an option for us. It would be a catastrophe." However, while the PM was keen to str...