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CNB: Effects of Greek bankruptcy on CR would be negligible

The potential uncontrolled bankruptcy of Greece would have relatively small and only mediated effects on the Czech economy as direct business and financial ties to Greece are negligible. This stems from the minutes of the Czech National Bank Board meeting held on June 25, 2015. The bankers also confirmed that the euro area is growing faster than anticipated thanks to relaxed monetary conditions. Some bank board members nevertheless expressed concern about the relative slowdown of the German economy, which had to date grown the fastest in the euro area.



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