Bloomberg News

Babacan Says Greece Euro Exit Shouldn’t Be Allowed

May 31, 2012

Turkey’s Deputy Prime Minister Ali Babacan said euro area leaders must “definitely” prevent a possible exit by Greece because some other countries may follow, leading to a further acceleration in risk premiums.

Babacan made the comments in a speech at the annual meeting of the Banks’ Association of Turkey in Istanbul today.

To contact the reporter on this story: Sibel Akbay in Istanbul at

To contact the editor responsible for this story: Riad Hamade at

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