ECB Unexpectedly Cuts Rate as Greek Exit Risk Grows

ECB Unexpectedly Cuts Rate as Greek Exit Risk Grows Play

Nov. 3 (Bloomberg) -- The European Central Bank unexpectedly cut its benchmark interest rate by 25 basis points to 1.25 percent as Italian and Spanish borrowing costs soared after euro-area leaders raised the prospect of Greece exiting the monetary union. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop."

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