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Greece categorically dismissed onWednesday media reports over contingency planning by eurozonemember countries for the possibility of a Greek exit from the euro. "Such reports not only are false, but undermine Greece's efforts toaddress challenges," said a press release issued by the GreekFinance Ministry. The press statement came after a string of reports in someinternational media that during the latest tele conference of theeuro working group on Monday there had been a clear call toeurozone member countries to draw up contingency plans in casedebt-ridden Greece leaves the European common currency zone. Greece is kept afloat with two bailout packages agreed withEuropean counterparts and the International Monetary Fund since May2010 in exchange of a painful and unpopular austerity and reformplan. The aim is to avoid a disorderly bankruptcy that could lead to thecountry's exit from the euro as well, with grave consequences forthe eurozone, according to analysts. Despite progress steps made over the past two years, uncertaintyover the success of the plan to overcome the Greek debt crisisremains, amid missed targets, timetables and spiraling recession. Fears have increased this spring after the May 6 general electionsin the country and the call for a second round of polls on June 17,after parties failed to form a coalition government. Opinion surveys indicate that pro-bailout political forces willengage in a fierce battle against anti-bailout parties forparliamentary majority. The outcome could determine whether Greecewill stick with the austerity and reform program to secure furthervital multi-billion euro aid or change course. In such a case, Greece could be left with no more rescue loans andbe led to a chaotic default and an exit from the eurozone. Related: Belgian FinMin hints eurozone countries preparing for Grexit BRUSSELS, May 23 (Xinhua) -- Belgian Finance Minister StevenVanackere on Wednesday suggested that eurozone countries werepreparing for a possible Greek exit from the single currency area. "We must insist on efforts to avoid an exit scenario, but thatdoesn't mean we are not preparing for eventualities," Vanackeretold reporters as he arrived for an informal dinner meeting ofEuropean Union (EU) leaders. Full story Special Report: Global Financial Crisis. I am an expert from toner-cartridge-chips.com, while we provides the quality product, such as China Ricoh toner chips , minolta toner cartridges Manufacturer, hp toner cartridge chips,and more.
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